Reuters: Media exec Peter Chernin bid $500 million for Hulu

Since the sun came up today it must mean that Hulu is up for sale, again. The latest extension to the sale rumors for the video streaming site is one from Reuters citing anonymous sources that indicates Peter Chernin, a former News Corp exec and Hulu board member has submitted a $500 million bid. There’s no word on how big a stake he’d be interested in taking, but that’s significantly lower than the reported $1.9 – $4 billion bids received from Dish and Google when the site was up for sale back in 2011. Of cours,e any sale price may vary on whether or not the acquisition come content included, but either way, we’d expect a few more possibilites to pop up before something (or nothing, like last time) happens. Of course, Peter Chernin was one of the folks pushing for a shorter theater to home release window and more TV on the Xbox, both of which have come to fruition in one form or another — maybe he can make a deal happen.

Filed under: ,

Comments

Source: Reuters

Bloomberg: Apple and Google teaming up on $500 million-plus bid for Kodak patents

Bloomberg Apple and Google teaming up on $500 millionplus bid for Kodak patents

After Kodak’s auction to offload 1,100 of its digital imaging patents was green-lit this summer, it looked like Apple and Google were ready to do battle for the goods. Now, however, Bloomberg cites a pair of sources who claim that the two titans have ended their face-off and are combining their efforts in a $500 million-plus bid for the patents. All three parties are staying quiet for now, but the move would certainly not be out of form for technology giants when it comes to lucrative, and potentially volatile, patents. Helping Kodak recover from bankruptcy with more cash in its coffers is nice enough, but avoiding a courtroom feud on digital photos is what sweetens the pot all around.

[Image credit: Viktor Nagornyy, Flickr]

Filed under: , ,

Comments

Source: Bloomberg