Yahoo withdraws Hulu bid; Dish has edge

Yahoo (Nasdaq: YHOO), with its own future in flux, has decided to withdraw its bid for online video aggregator Hulu, according to reports.

The move leaves Amazon (Nasdaq: AMZN), Google (Nasdaq: GOOG) and Dish Network (Nasdaq: DISH) as the remaining players on an ever-diminishing field, The Wall Street Journal said. A bevy of bidders, which reportedly included AT&T (NYSE: T) at one point, have backed off the sale as worries about the future availability of content were raised.

Dish, reports the paper, may be the frontrunner with a $1.9 billion bid for the company. Google, which apparently has bid more, likely isn't being considered as it made demands for a content deal that were unacceptable to the three owners.

But Hulu, placed up for sale by its owners, Disney (NYSE: DIS), News Corp. (Nasdaq: NWSA) and Comcast's (Nasdaq: CMCSA) NBCUniversal, may be off the market, its owners now unwilling to part with it.

Bids were due last week and are now being reviewed by financial advisors, The Journal said.

For more:
- see this report

Related articles:
Hulu says hola to Univision with multi-year content deal
Hulu extends Miramax content deal to Japan
Dish Network tops bidding for Hulu; but will $1.9B be enough to close the deal?

Suggested Articles

T-Mobile has relaunched its TVision pay TV service with a new Android TV-based streaming device and several new programming tiers.

RDK Management today revealed RDK4 – the newest generation of its open source software platform that runs on pay TV set-top boxes.

MCTV, a video and broadband provider in Ohio and West Virginia, has picked MobiTV Connect to run its new IP-based video service, MCTV Stream.