Interesting story breaking that Yahoo put an unsolicited bid in to acquire Hulu. For all I know it’s completely true. But I’ve just received an unsolicited message from a source close to Yahoo that says it’s completely untrue (probably because of all my digging the last week on this Yahoo story).
Yahoo hasn’t had any meaningful conversations with Hulu about a buyout, says this source. The source added that Hulu is actively looking for a buyer and has hired Morgan Stanley to represent them.
Like I said, this is all I’ve got right now. The WSJ and the LA Times say they have sources confirming that Yahoo made an offer. With big acquisitions the press is a huge pawn in negotiating strategy. The one thing I’d like to know is who’s the source for the LA Times article. If that source is close to Hulu or Morgan Stanley, I’d be wary. Of course, my source has her own agenda, too.
Founded in March 2007, Hulu is operated independently by a dedicated management team with offices in Los Angeles, New York, Chicago, Seattle and Beijing. NBC Universal, News Corporation, as of April 2009, Disney, Providence Equity Partners and the Hulu team share in the ownership stake of the company. Hulu is an online video service that offers a selection of hit shows, clips, movies and more at Hulu.com, numerous destination sites online, and through the ad-supported subscription service, Hulu Plus. Hulu...