Yahoo has been actively acquiring these days. Its latest purchase was the popular blogging platform Tumblr for which Yahoo paid $1.1 billion. The company was rumored to be interested in acquiring a controlling stake in Dailymotion, though that deal reportedly fell through due to the French government. Yahoo seems adamant to step in the online video streaming niche, so now it has its sights set on Hulu, for which it has apparently submitted a bid that ranges between $600 million to $800 million.
The figure comes from AllThingsD, which as usual cites people familiar with the situation. Yahoo’s bid ranges between these two astronomical figures due to various circumstances related to the deal that’s going to be made, such as content licensing rights and the programming companies’ control over content. Yahoo’s spending doesn’t stop here. The company is also reportedly looking to acquire two more companies related to mobile and communications. On these, its reportedly willing to spend between $150 million to $200 million. This is definitely a good time for new startups and small but established companies to be in Yahoo’s sights, wouldn’t you agree? What does Yahoo get for spending so much money? Hopefully new ways to turn itself around.
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