Google Joins Bidding Race for Hulu Claims Report

Google might be one of the companies which will bid for video streaming service Hulu, it has been reported.

Sources claim that Google, Yahoo, Amazon.com, and DirecTV are among the companies that are planning to bid for the popular video streaming service.

According to an article on The Wall Street Journal, Hulu is preparing to start the bidding process on Wednesday. The WSJ report revealed that bidders are likely to offer $500 million to $2 billion for acquiring the company but according to sources, the bidders are yet to make an acquisition offer.

The rumours of Hulu being available for a buyout emerged back in June when Yahoo reportedly approached it for a possible acquisition. Since then, several media and technology companies like Google and Microsoft have been rumoured to be possible suitors for the company.

The popular video sharing service was started by NBC Universal, Fox Entertainment, The Walt Disney Company and Providence Equity Partners, as an attempt to open another revenue stream due to the popularity of internet based video streaming. The service is available on a wide range of devices including PCs, tablets and Blu-Ray players.

Many close to Hulu believe that the bidding might drag for months without any outcome.