Photo: Business Insider
Yahoo has dropped out of the bidding for Hulu, reports the Wall Street Journal, leaving only the Dish Network, Amazon, and Google among the companies who are still bidding for the online TV provider.The Journal report also confirms several items that Business Insider reported last month, including that Dish was the highest bidder in the first round, with a bid of about $1.9 billion; that Google bid higher but was looking for special concessions; and that Hulu’s owners are now considering other options, including not selling the company at all.
Yahoo was the first company said to be interested in buying Hulu, back in June, but wanted four or five years’ worth of exclusive streaming rights from the company, while Hulu only wanted to offer two years of exclusive rights.
Since then, Yahoo has fired its CEO and is considering a sale of the company, so it’s probably not the best time to be digesting a $2 billion acquisition.
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