Yahoo eyeing online TV service Hulu after Tumblr purchase

Sydney, May 27 (ANI): After purchasing Tumblr for a whopping 1.1 billion dollars, Yahoo has reportedly filed a bid for online TV service Hulu, which has revenue of 700 million dollars.

Hulu streams a wide range of television shows to millions of users and collects revenue from advertising and monthly subscription service, allowing access to episodes that are not free.

A report said that if Yahoo succeeds in purchasing Hulu, which has four million paying subscribers, it could rival YouTube.

A number of private equity groups and Time Warner are in competition for Hulu, the report added. (ANI)


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