Yahoo’s Bid for Hulu in $600M to $800M Range

According to numerous sources close to the situation, Yahoo has bid from $600 million to $800 million for the premium video site Hulu.

Hulu vs Yahoo

The reason for the wide range is due to the fact that the Silicon Valley Internet giant — similar to most bidders in the new effort to acquire Hulu — has proposed several different prices based on a variety of circumstances. That includes the length of the licensing rights for content and how much control the programming companies selling Hulu have over their media.

At the same time and separately, according to sources inside the company, Yahoo is also contemplating at least two other significant purchases — in the $150 million to $200 million range — each for a mobile and a communications company.

It’s certainly an ambitious and busy M&A agenda for Yahoo’s CEO Marissa Mayer, who just forked over $1.1 billion in cash to purchase youth-skewing blogging site Tumblr last week.

Presumably, she is interested in upping Yahoo’s longtime lackluster video efforts — it famously lost out at the last minute on the acquisition of YouTube many years ago to Google — as the arena becomes more critical to advertisers.

But, said sources, while allowing the bid to proceed, Mayer is more focused on the integration of Tumblr, as well as other acquisitions that will bolster other key product areas.

Thus, sources said that the Hulu effort is being led at Yahoo by Los Angeles-based Ian Weingarten, VP of corporate development, who works for M&A head Jackie Reses.

AllThingsD first broke the news of that deal, as well as Yahoo’s initial interest and subsequent bid for Hulu, which is owned by a trio of media giants: News Corp., Disney and Comcast.

The site, which has both a subscription and an advertising business, was on the market in 2011, with the hope for a bid of $2 billion that came with several years of programming rights. The sale was pulled after those higher bids did not materialize.

But Hulu is on the market again in the most advanced effort to sell it so far, with bids coming in from a range of suitors over the last week.

Yahoo’s Mayer and COO Henrique De Castro had met with Hulu’s team earlier this month for a get-to-know-you, just after an effort to buy a large stake in French video site Dailymotion was blocked by the French government.

Besides Yahoo, others interested in acquiring Hulu include: Separate bids from private equity firms KKR, Guggenheim Digital and Silver Lake Partners (in conjunction with Hollywood talent agency William Morris Endeavor); Time Warner Cable; Directv; and the Chernin Group.

There could still be others, of course, though a deadline for initial bids has passed. Interestingly, so far, neither Google nor Amazon have made official efforts, perhaps because the pair already have robust video platforms.

Chernin’s bid, as had been widely reported, started in the $500 million range, which is interesting since the longtime Hollywood executive was once the COO of News Corp. and was critical to Hulu’s creation. Translation: He’d know just what the video platform is worth and how the place works.

Of course, low bids at the start are part of the normal process; sources close to the owners said that any bids under $1 billion are unlikely to be accepted.

One thing is certain: Now comes what will look a lot like a very noisy game of musical chairs, in which the various groups will vie for one-upmanship, even as they talk to each other about possible joint efforts. Who the most attractive candidate is, of course, will be much debated.

In addition, there is much disagreement over who and how Hulu should be sold by two of its owners, Disney and News Corp., which have squabbled over its direction from the start. (Comcast gave up its management rights as a concession to Federal regulators a few years ago, so is sitting on the sideline twiddling its giant cable thumbs and doubtlessly wishing it could be a bidder, too.)

No matter the ceaseless bickering among giants, the trio of media conglomerates are providing Hulu’s most valuable programming, largely television shows from their broadcast networks. And that is the real point of the negotiating, according to many involved.

“Hulu is a very nice brand and technology, but the entire negotiation will be about the control and price of the content,” said one person close to the situation. “It’s the only thing that matters.”

Via Allthingsd

Yahoo’s Bid for Hulu in $600M to $800M Range


First Android 4.3 hands-on video shows camera updated UI

After the first images showing Android 4.3 Jelly Bean running on a Nexus 4 at Thailand Mobile Expo surfaced, a first video showing the camera app updated UI has hit the web.

Android 4.3

As you can see in the following video, only the camera app is shown (unfortunately), with the person recording the video not revealing other Android 4.3 features, although he or she clearly had access to the device. Not to mention that the video is recorded in portrait mode rather than landscape, but we’ll end our complaining there.

The video is pretty consistent with the images offered before and reveals that the button layout of the camera app has been redesigned to allow easy access to settings with just the thumb, without worrying about unintentionally pressing the wrong buttons.

Interestingly, a countdown timer feature is apparently available in the camera app on Android 4.3.

It’s still not clear why this particular Nexus 4 running Android 4.3 has shown up at Thailand Mobile Expo, and we’re certainly looking forward for more details about this particular sighting.


First Android 4.3 hands-on video shows camera updated UI

Draw Something From This: Yahoo’s Design Chief Tim Parsey to Depart

Yahoo’s design chief, the effervescent Tim Parsey, will be leaving his job at the Silicon Valley Internet giant, sources said.

Yahoo’s Design Chief Tim Parsey to Depart

As SVP of User Experience Design at Yahoo, which centralized the task under Parsey, he has been part of a range of redesigns of its major properties, including its homepage, Flickr photo-sharing site, email and more.

As I noted when Parsey arrived in early 2011, “in the 67-ring circus that has been Yahoo’s product organization, design was widely dispersed.”

Translation: It was not pretty, unless you enjoyed the Web stylings of 1997.

Parsey certainly had the cred in the design industry, with stints at Apple, Microsoft’s entertainment and devices unit, Mattel and Motorola. Just before Yahoo, he was a principal at a Seattle-based design firm called shiftalliance.

The British native ran Apple’s design studio for five years in the early 1990s and was the main dude behind Motorola’s freaky V70 switchblade mobile phone in 2001.

It’s not clear why he is leaving now, or where the crackerjack designer is headed. But, amid a lot of Yahoo turmoil since he arrived, Parsey certainly stabilized the design culture at the company.

Also in play, according to numerous sources: New Yahoo CEO Marissa Mayer has a very “hands-on” style with regard to design — she pretty much considers herself the last and only stop on that train, among others, based on her experience at Google running a number of products including its pristine and much acclaimed front page search box. No surprise, then, she has involved herself strongly in the design process.

On his LinkedIn profile, which still lists him as working at Yahoo, Parsey talked about his ethos of design there:

“This is about weaving a global UX and UER organization from the existing 200+ designers and researchers that today support an array of different businesses. It’s part of a rather cool broader corporate transition project. It’s also very much about establishing design as a potent, world-class entity that’s fun to be part of.”

He also notes: “These days I’m very excited about the correlation between internal cultures that are truly ‘meaningful’ to designers ( and other functions ), and world-class design innovation.”

Via AllThingsD

Draw Something From This: Yahoo’s Design Chief Tim Parsey to Depart

OPPO launching the Find 5 in Europe from Monday May 27

11am CEST sees the Find 5 officially arrive in Europe with the launch of the new OPPO Style Europe store

OPPO Find 5 review

The OPPO Find 5 is an intriguing device, and as we found out in our full review, much better than some may give it credit for. One major sticking point since the device first launched has been availability, particularly in Europe. If you really wanted one, getting one into Europe hasn’t been a very cost effective exercise.

That all changes as of Monday May 27, as at 11am CEST/10am BST the OPPO Style Europe store launches, and the Find 5 becomes available to purchase. Pricing will start at €399/£341 with free shipping promised anywhere within Europe. Not a bad price point to hit given some of the hardware specs, though the software may not be to everyone’s tastes. In any case, if you’ve been gazing at the Find 5 from afar, hit up OPPO Style Europe to bag yourselves one.

Source: OPPO Style Europe

OPPO launching the Find 5 in Europe from Monday May 27

Official Images Of White LG Nexus 4 E960W Leaked

Finally, the official look of white LG Nexus 4 appeared. The white LG Nexus 4 has been appearing in our rumor mill since last year but Google is yet to officially unveil it. The good news is the folks at Android Police successfully obtained the official images of the white LG Nexus 4.

White LG Nexus 4

According to the sources, white LG Nexus 4 has the model number of E960W where the W alphabet means the white color. It is exactly the same like the handsets that were leaked for a few times before.  Continue reading

Samsung Galaxy S4 Mini Confirmed By Samsung Apps Website

The Samsung Galaxy S4 Mini finally has been confirmed by the Korean company itself on the Samsung Apps website. This is the first time where the mini-sized Galaxy S4 made its appearance at the official website.

Samsung Galaxy S4 Mini

The Samsung Galaxy S4 Mini has the similar design like the Samsung Galaxy S4. But the size is smaller and the specs are a level below the flagship Samsung Galaxy S4.

Samsung Galaxy S4 Mini set to come with 1.6 GHz Exynos dual-core CPU, a 4.3 inch Super AMOLED Display with qHD resolution (540×960, 256 pi), 1 GB (3G), 2 GB (LTE) RAM, 32 GB Memory, Android 4.2, 8 megapixel camera and a 2,100 mAh battery.

Samsung Galaxy S4 Mini will run on Android 4.2.2 Jelly Bean and ready for announcement in coming future.

Samsung Galaxy S4 Mini Confirmed By Samsung Apps Website

Microsoft files to claim, .net from UK resident

It’s difficult to register a domain without it quickly becoming a matter of public record, which may be why Microsoft has waited until now to try and secure ownership of and, according to Fusible.

Xbox concept renderThe megalithic company has filed a dispute (case #1501205) with the National Arbitration Forum – the company that resolves reports of domain squatting and trademark infringement in URLs, in order to gain control of the two address that have, until now, been controlled by an unnamed resident of the United Kingdom.

In order for Microsoft to win its dispute, it’ll need to prove to the NAF that the domains are identical and/or confusingly similar to a trademark that Microsoft owns, that this random person in the UK has no rights to the Xbox One trademark and that the domains in question were registered in bad faith.

Microsoft files to claim, .net from UK resident