Yahoo, KKR, Silver Lake/WME Join Hulu Auction (Report)
The list of Hulu suitors keeps growing.
KKR & Co. and Silver Lake Management in partnership with William Morris Endeavor Entertainment have submitted bids for Hulu, Bloomberg reports. Yahoo also submitted a proposal on Friday, according to Reuters.
They join at least four confirmed bidders, insiders told The Hollywood Reporter on Friday.
Those offering to purchase Hulu are DirecTV, Time Warner Cable, former News Corp. executive Peter Chernin and Guggenheim Digital Media, parent company of The Hollywood Reporter.
Hulu, a site that streams TV content, is a co-venture of Fox/News Corp., Walt Disney Co. and NBCUniversal/Comcast, though the partners have been looking to sell the asset.
Hulu generated about $695 million in revenue in 2012 via ad sales and through 4 million subscribers who pay for monthly access to Hulu Plus, the company's premium service.
It's the second time in two years that Hulu's owners have considered selling the company. Two years ago, some potential buyers were hesitant over a lack of assurances that Hulu would retain access to TV programming from Disney, Fox and NBCU if those companies were no longer equity owners.
Hulu's library today includes 70,000 TV episodes from about 2,500 series.