Hulu — the most despised video service for my Canadian and British readers — is up for sale, and the News Corp-owned streaming video site, probably the best place to watch television online (legally, that is), is expected to receive bids of at least $1.5 BILLION dollars. Let’s see what that looks like with zeros: $1,500,000,000. *counts spare change* Hmmm, nope, I don’t have quite enough to make a competitive bid.
The auction closes at the end of [this] week and that bids of “at least” $1.5 billion are expected. That doesn’t fully jibe with a Bloomberg report last month that said Apple was pondering an offer that could come to more than $2 billion. The discrepancy could be due to questions about exactly what’s for sale: News Corp owns the website, which the might want to hold onto; the current ownership group could retain a stake, which could drive down the price; and the new owners might want to extend current content agreements, which also could affect the final price. Meanwhile, Yahoo, Amazon, Google and Microsoft also are thought to be considering bids. [Deadline]
I dunno, it seems like a lot of money to pay just so people can watch the entirety of “Prison Break” at work, but I’m not exactly the savviest business mind. I mean, I could have bought a house with the money I’ve spent on alcohol and strippers over the last decade. And just think of the awesome boozy stripper parties I could host if I had a house!
