DirecTV (DTV) May Be Most-Likely Bidder to Acquire Hulu
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DirecTV (Nasdaq: DTV) may come out the winner on a move to acquire Hulu after all.
According to PandoDaily, citing "sources," said the deal might just crack into the billions. News comes as companies like Time Warmer (NYSE: TWC), Yahoo! (Nasdaq: YHOO), private equity firm KKR, and others have all been said to be in discussions for a takeover of the video streaming service.
Two points are made: 1) DirecTV has the resources to acquire Hulu, and 2) it fills a gap within DirecTV.
On the second point, DirecTV doesn't really have an online presence like its competitors. Without being online, DirecTV is missing out on a growing segment of the population which is being flooded by smart TVs and set-top-box units.
That, along with more and more users wanting access from mobile devices, gives DirecTV incentive to make the deal happen. It could easily integrate Hulu Plus and gain immediate street cred.
Shares of DirecTV are up over 1 percent Thursday, currently at session highs.
According to PandoDaily, citing "sources," said the deal might just crack into the billions. News comes as companies like Time Warmer (NYSE: TWC), Yahoo! (Nasdaq: YHOO), private equity firm KKR, and others have all been said to be in discussions for a takeover of the video streaming service.
Two points are made: 1) DirecTV has the resources to acquire Hulu, and 2) it fills a gap within DirecTV.
On the second point, DirecTV doesn't really have an online presence like its competitors. Without being online, DirecTV is missing out on a growing segment of the population which is being flooded by smart TVs and set-top-box units.
That, along with more and more users wanting access from mobile devices, gives DirecTV incentive to make the deal happen. It could easily integrate Hulu Plus and gain immediate street cred.
Shares of DirecTV are up over 1 percent Thursday, currently at session highs.
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