Reuters is reporting that Yahoo is now a contender to purchase TV streaming site Hulu. Yahoo joins a growing list of bidders that reportedly includes Time Warner Cable Inc., DirecTV, former News Corp president Peter Chernin and Guggenheim Digital Media.
Last week Yahoo made a big move in acquiring Tumblr for $1.1 billion. Yahoo also recently revamped the photo sharing and editing site Flickr.
Hulu is currently owned by News Corp and Walt Disney Co. Yahoo has not yet released a statement.