US media group News Corp (NASDAQ:NWSA) and entertainment major The Walt Disney Company (NYSE:DIS) have received bids of over USD1bn (EUR769m) from satellite operator DirecTV (NASDAQ:DTV) and two other unnamed parties for online video content provider Hulu LLC, Reuters reported citing a knowledgeable source.
According to the informed person, at least seven bids were submitted last week for the target and the vendors will shortlist candidates in the next two or three weeks.
Other sources had previously said that the other bidders included Yahoo! Inc (NASDAQ:YHOO), former News Corp president Peter Chernin, KKR & Co LP (NYSE:KKR), Time Warner Cable Inc (NYSE:TWC), Guggenheim Digital Media, as well as Silver Lake Management LLC, which had joined hands with talent agency William Morris Endeavor Entertainment LLC.
DirecTV spokesman Darris Gringeri and Hulu spokeswoman Meredith Kendall refused to comment.
Hulu is also partly owned by Comcast Corp (NASDAQ:CMCSA), which has no voting rights under a regulation related to its acquisition of NBC Universal in January 2011.