Yahoo approaches Hulu about possible takeover
According to multiple reports, Yahoo, or another large company, has approached Hulu about a possible takeover.
Los Angeles Times writes that, “On Tuesday afternoon, word of the unsolicited offer spread and was subsequently confirmed by people close to the company. It is not known whether the offer came from Yahoo or another entity.”
“The unsolicited offer has prompted Hulu’s board to consider its options, and the company is speaking to potential advisers. It may contact potential buyers, including other media companies and private-equity firms that have wanted the chance to buy the service,” according to The New York Times.
Yet, a source tells TechCrunch that Yahoo has nothing to do with the Hulu talks. “Yahoo hasn’t had any meaningful conversations with Hulu about a buyout,” it writes. The source added, however, “that Hulu is actively looking for a buyer and has hired Morgan Stanley to represent them.”
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