DirecTV and Time Warner Cable both place last minute bids for Hulu on July 5 deadline

DirecTV and Time Warner Cable join bidding war for Hulu at last minute.

@CharlesJGantt
Published Mon, Jul 8 2013 11:11 PM CDT   |   Updated Tue, Nov 3 2020 12:22 PM CST

July 5 was the deadline for all bidding proposals to buy the content streaming service Hulu. The date was set by the Board of Directors after bids were received from everyone including Yahoo, AT&T and the Chernin Group in recent weeks. Today, we found out that both DirecTV and Time Warner Cable also submitted their bids before the deadline was up.

DirecTV and Time Warner Cable both place last minute bids for Hulu on July 5 deadline | TweakTown.com

DirecTV apparently placed a bid to acquire the company as a whole, while Time Warner Cable reportedly offered up a proposal to become an investor alongside the service's current owners: Walt Disney Co., 21st Century Fox Inc., and Comcast.

No word on how much each bid was for, but with Yahoo's bid around $1.1 billion, we can assume that similar offers were in the same ballpark. It looks like Hulu will get purchased by someone, and let's all hope that the service actually improves over the current state it is in.

NEWS SOURCE:bloomberg.com

A web developer by day, Charles comes to TweakTown after a short break from the Tech Journalism world. Formerly the Editor in Chief at TheBestCaseScenario, he now writes Maker and DIY content. Charles is a self proclaimed Maker of Things and is a major supporter of the Maker movement. In his free time, Charles likes to build just about anything, with past projects ranging from custom PC cooling control systems to 3D printers. Other expensive addictions include Photography, Astronomy and Home Automation.

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