Business

Yahoo! among bidders for Hulu: sources

Yahoo! jumped into the bidding today for Web video destination Hulu, The Post has learned.

Sources close to the process say the bids from Yahoo! and half a dozen other suitors value Hulu north of a billion dollars.

If Yahoo is successful, it could be CEO Marissa Mayer’s second $1 billion deal inside a month. The company just acquired micro-blogging service Tumblr for $1.1 billion.

Yahoo said it doesn’t comment on rumors or speculation.

Hulu has also attracted bids from DirecTV, Time Warner Cable and Guggenheim Digital Media, among others.

Hulu’s owners, including Disney, News Corp. and Comcast, are hoping to move quickly to narrow down the bids in the coming weeks. (News Corp. also owns The Post.)

Once source said that Time Warner Cable’s bid may only be for an equity stake rather than a bid for the whole company.

Other bids came from veteran media exec Peter Chernin, who is backed by Providence Equity. Private-equity firms KKR and Silver Lake Capital have each submitted offers, according to a Bloomberg report.