Yahoo! is also in the race to acquire Hulu and sources with AllThingsD are reporting that they are putting in a bid at between $600 and $800 million for the video websites. The large price range is due to different circumstances including the length of licensing rights for content and how much control that the programming companies selling Hulu have over their content.
Peter Chernin, the former president of News Corp, has bid around $500 million for online video streaming service Hulu.com according to sources with Reuters. Peter Chernin even helped launch Hulu while he was at News Corp in 2007.
The Chernin Group is an investment company founded by former News Corporation President and COO Peter Chernin. The Chernin Group has recently bought a stake in Base 79, a popular YouTube network of channels that is considered the biggest in the EMEA region. The Chernin Group’s investment is believed to be $10 million in return for a 28% stake of the company.
