Multiple sources familiar with the ongoing Hulu acquisition talks have suggested that a deal with DirecTV is in “very advanced stages” and could close by the end of this month. If the deal is approved, DirecTV would acquire over 4 million paying Hulu Plus subscribers, which generated $695 million in revenue last year, including advertising. The latest negotiations have reportedly ranged in price from half a billion to more than a billion dollars, depending on structure and terms. Continue reading Inside Sources Believe DirecTV will Acquire Hulu this Month

Liberty Media CEO Greg Maffei met several weeks ago with Time Warner Cable CEO Glenn Britt to discuss the potential benefits of cable industry mergers, according to a person familiar with the matter. Liberty acquired a 27 percent stake in pay TV operator Charter Communications early last month. Ten days ago, Liberty Chairman John Malone told shareholders that Charter probably has “the best operating team in the business.” Continue reading Chief Execs Discuss Benefits of Mergers in Cable Sector

Following months of acquisition talks with multiple players, Google has announced it is purchasing traffic navigation company Waze. Financial terms were not disclosed, but sources suggest that Google offered more than $1 billion for the free mobile service, which is currently used by more than 50 million people and launched its global ad platform in November 2012. Other Waze suitors reportedly included Facebook and Apple. Continue reading Google to Acquire Traffic Mapping App Waze for $1 Billion

CBS announced on Friday that it has wholly acquired TV Guide Digital, whose assets include TVGuide.com and TV Guide Mobile applications. CBS purchased the remaining 50 percent of TV Guide’s digital assets from Lionsgate (although terms have not yet been disclosed). The site and apps will join the growing collection of CBS Interactive properties, where the digital group hopes they will help attract a larger audience in addition to advertisers. Continue reading CBS Beefs Up its Portfolio with Acquisition of TV Guide Digital

Dish Network is reportedly making a play for shares of Clearwire Corp., which could complicate a planned purchase of the broadband company by Sprint Nextel. In an effort to better compete in the U.S. wireless market, Sprint had agreed to purchase the roughly 50 percent of Clearwire that it does not already own. Additionally, Sprint agreed to a $20 billion acquisition by Japan’s SoftBank Corp. However, Dish also made a $25.5 billion offer to acquire Sprint.  Continue reading Dish Pursues Clearwire: Could Complicate Sprint Nextel Plans

Last week we reported that pay TV operators Time Warner Cable and DirecTV had joined the group of potential Hulu suitors. Over the weekend, it was reported that Yahoo has bid $600-$800 million for the premium video site. The range is based on a number of circumstances including the length of content licensing rights and the amount of control programming companies have over their media. The bid comes amidst plans by Yahoo for other possible acquisitions. Continue reading Yahoo Latest to Pursue Hulu with $600-$800 Million Bid

Dish Network has received signed commitment letters from five banks, according to people familiar with the matter, bringing it closer to arranging $9 billion in committed financing for a planned $25.5 billion acquisition bid for Sprint Nextel. Dish has raised nearly $12 billion for the deal, which will compete with October’s $20.1 billion offer by SoftBank to acquire 70 percent of Sprint. The financing arrives a few days after Sprint agreed to enter into negotiations with Dish. Continue reading Dish Goes Up Against SoftBank to Purchase Sprint Nextel

Social giant Facebook is in discussions to acquire mobile navigation service Waze, according to people familiar with the matter. The purchase price has been reported by some outlets as high as $1 billion, which would rival the amount Facebook paid last year to purchase mobile photo-sharing service Instagram. The Waze acquisition would provide Facebook with the opportunity to efficiently deliver local ads and content to its 1.1 billion users. Continue reading Facebook in Talks to Purchase Mobile Navigation Startup

Pay TV operator Dish Network announced yesterday that it has placed a $25.5 billion bid for wireless carrier Sprint Nextel, which is presently ranked third in the U.S. behind Verizon Wireless and AT&T. Dish Network’s chairman and former CEO Charlie Ergen is hoping to bridge the gap of current wireless models by offering customers faster and more affordable television, high-speed Internet and cellphone services in a single package. Continue reading Dish Network Submits $25.5 Billion Bid for Sprint Nextel

Eastman Kodak announced yesterday that it has entered into an agreement with Brother Industries for the proposed sale of its Document Imaging business. The deal includes a cash purchase price of approximately $210 million and about $67 million in deferred service revenue liability. If a better deal is not offered by another company, Brother will likely take control of Kodak’s scanning hardware and software products. Continue reading Kodak to Sell Scanning Business to Brother for $210 Million

Multiple sources suggest that Peter Chernin, former president and chief operating officer of News Corp., has formally bid around $500 million for Hulu through his Chernin Group holding company, reports Reuters. Chernin helped launch the online video streaming service in 2007, which is currently controlled by Disney and News Corp. (co-owner Comcast relinquished corporate control as a concession when purchasing NBCUniversal). Continue reading Insiders Say Peter Chernin Bidding $500 Million for Hulu

Amazon announced it will purchase the popular book discovery and recommendation website Goodreads, a social service that centers on book recommendations and reviews. The acquisition — which comes at a time when readers are increasingly turning to tablets and e-readers to search for authors and books — could help push Amazon ahead of competitors Apple and Google in e-book retailing. Continue reading Amazon to Acquire Goodreads for Competitive E-Book Edge

Twitter recently acquired Vine, an easy-to-use new app that allows users to share six-second looping video creations with friends on social networks. “Instead of the standard video-sharing experience, you record videos by holding your finger on the screen. By lifting your finger, you can momentarily pause the recording, making it possible to create a miniature narrative out of multiple scenes,” explains Wired. Continue reading Twitter Acquires Vine, Hopes To Spark More Video Sharing

The proposed buyout of Dell has a new development as Microsoft has entered talks to acquire the computer maker. The software giant would be buying the company from public stockholders, but a deal has not been announced. “Microsoft hasn’t made a commitment to throwing its money and weight behind the possible deal, which is expected to carry a price tag of $22 billion or more,” according to the Wall Street Journal. Continue reading Microsoft Enters Discussions to Help Finance Buyout of Dell