Google Bids to Acquire Hulu, Traditional Media Networks to Suffer Possible Aneurism

Google acquisitions are nothing new and anyone keeping a somewhat vigilant eye on the company knows that they’re not afraid to spend big money to bring high profile companies under their overarching umbrella. That said, if sources are to believed, Google may be making a bigger splash than normal with an attempted acquisition of Hulu. To find out more, click in after the break.

Hulu had gone on the record a few months ago, announcing that it was selling a good chunk of its content. Potential buyers for the content include Amazon, Dish Network, and Yahoo for a predicted $1.5 – 2 billion, however it appears Google plans to outbid them all for not only the content, but the entire company for possibly twice as much as the other companies are offering. Given Google’s issues with getting major networks on board with GoogleTV, this would be a huge gain for them.

Still, while Google certainly has the monetary ability to complete this transaction, it seems a bit of a stretch that such a deal would pan out. Given that Hulu’s content is provided by a consortium of companies (FOX, NBC, and Disney) that have rebutted Google’s attempts at using their content previously (GoogleTV), there would need to be something else on the table to pique their interest. Also, Google is already under scrutiny from the Federal Trade Commission for its massive acquisitions, and the loss of the only major competitor to Google’s own YouTube is certain to raise some eyebrows.

With all of this on the table, this next week should turn out to be interesting. Rest assured, we’ll keep our eyes glued on the news feeds and will be sure to update our ever vigilant readers with the information they need. So what do you think? Would a Google/Hulu alliance be a positive thing for users? Let us know in the comments!

[via allthingsd]

About the Author: Mitch Wright

Witnesses at Mitch Wright’s birth claim that he came out as a mechanical cyborg beast, who then decimated the doctors in the room with a violent laser blast. Naturally, these witnesses are insane. Mitch was born in Texas, grew up in central New Jersey, and then moved back to Texas, where he met his spectacularly awesome wife. He currently works as a repair tech for Major National Carrier, where he is able to fulfill his love for gadgets by taking phones and PDAs apart and (hopefully) fixing them. He has a strong passion for technology, reading, writing, and science fiction, and loves the fact that modern technology is getting ever closer to the latter. In the world of PDAs, Mitch started off in the land of Windows Mobile with the HTC Touch and HTC Diamond, migrated to webOS with the Palm Pre, and has since been infatuated with Android, first with the Samsung Moment and now with the HTC Evo.

  • susuFOX

    Actually it could be really awesome for Google-TV

  • 3 figures a day with amazon

    Hello there,I read your web site from time to time and i own a comparable one and i was just wondering if you get lots of spammy posts feedback? If that’s the case how can you halt it, any plugin or whatever you can recommend?. thanks

  • John

    Put HULU PLUS on the Logitech Revue for free and its a buy,