Boston, MA 05/13/2013 (wallstreetpr) – Attempts to add video services to products of Yahoo! Inc. (NASDAQ:YHOO) (Closed: $26.83, Up by 2.25%) continue as Marissa Mayer, the Chief Executive Officer joins a meeting to learn more about the site of Hulu LLC streaming TV service. The CEO is much attracted to the streaming service website which enables users to watch television shows online.
Hulu LLS Streaming Tv Service
Hulu service owned by Walt Disney Co. (NYSE:DIS) (Closed: 67.20, Up by 0.79%) and Comcast Corporation (NASDAQ:CMCSA) (Closed: 43.08, Up by 0.28%) offers its users watch television shows and movies for free online and also provides subscription based access for programming and earlier watch services, charged at $8 a month. Yahoo! Inc. (NASDAQ:YHOO) is much attracted by the fact that advertisers are willing to pay at premium to run their commercials alongside the high quality content displayed on the website. Hulu LLS streaming TV service also provides access to broader library which archives television shows and movies. In addition, the users can also watch such shows on their mobile devices, web connected televisions and video game consoles.
Competition For The Bid
The bid to buy Hulu LLS streaming TV service is under intense competition with many major players valuing the deal. In addition to Yahoo! Inc. (NASDAQ:YHOO), which is on the lookout to add video services across its product lines, Amazon.com Inc. (NASDAQ:AMZN) (Closed: 263.63, Up by 1.33%) has also expressed an interest. Further, Peter Chernin, with backing from Providence Equity Partners Inc. (US:PEF3212) has submitted a bid for $500 million for Hulu Streaming TV service in addition to $330 million in debt.
