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