Printed from http://www.electronista.com

Korea's SK Telecom may join in on Hulu bidding

updated 12:25 pm EDT, Wed August 24, 2011

SK Telecom to bid on Hulu later this week

South Korean wireless provider SK Telecom is expected to join the Hulu bidding with its own offer later this week, a source told SAI. It will be one of a few, though the others haven't been named. Hulu sent out a letter to all interested parties, asking them to send a non-binding expression of interest that includes what their bid range is once they do their due diligence of the company's finances, the source said.

SK Telecom is looking to expand internationally, but hasn't yet been successful in doing so. Back in March, SK considered buying Blockbuster to enter the US video market, but nothing came of it.

Hulu's value is dictated by what kind of content licensing deal it can get with current parent companies including News Corp, Disney and Comcast. Hulu stated in the letter that this would include exclusive PC streaming rights for three years and one-year exclusivity for Hulu Plus. The letter suggested these are the bare minimums, however.

Earlier reports had bids floating around the $1.5 billion mark, but the winning bid is expected to be closer to $2 billion.



By Electronista Staff
toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Asus Chromebook C300

When Chromebooks hit the market back in 2011, consumers didn't know what to do with them. The low-cost laptops, powered by Google's Ch ...

Plantronics BackBeat Pro Bluetooth headphones

Looking for a pair of headphones that can do everything a user requires is a task that can take some study. Trying to decide on in-ear ...

Lemur BlueDriver

"Oh no, the check engine light is on…again! What one of the hundreds of reasons could it be this time? Probably going to cost a fort ...

Sponsor

toggle

Most Commented

 
toggle

Popular News