Yahoo Joins Growing List of Bidders For Hulu

An anonymous reader writes "It's reported that Yahoo has formally put in a bid to buy Hulu only a week after adding Tumblr to the family. From the article: 'Yahoo just spent $1.1 billion of its cash hoard to acquire Tumblr, a blogging site with 300 million mostly young-ish visitors and 24 billion minutes of usage per month. Yahoo CEO Marissa Mayer's team can slap a lot of tasteful, personalized native ads into the Tumblr content streams to monetize the fast growing site. It's the same way that Facebook and Twitter hope to get into the tens of billions in revenue league, but it's a long and winding road. Now Yahoo is taking a run at Hulu, with its 4 million subscribers paying $7.99 per month, original programming , and more than 70,000 full TV episodes. Hulu could immediately put Yahoo's video efforts and revenue in a different league.'"

Comments

Re:With What Money?

[antifoidulus]

By doing things like this. Over the past couple of years Yahoo has reaped a lot of profit from it's overseas operations, esp. Yahoo! Japan(which is only 40% owned by Yahoo, but still), where they provide more than just search, they act as an ISP and provide other data services. The insanely strong yen has meant that over the past couple years the profit from Yahoo Japan when measured in USD has been incredibly high, and they obviously have some smart traders working for them as they foresaw the rapid weakening of the yen and made a huge profit off of it.