Yahoo Reportedly Bidding to Purchase Hulu

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Yahoo Reportedly Bidding to Purchase Hulu

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.