Hulu Bidding Wars Reach $1 Billion

More news on the Hulu bidding wars this week –DirecTV and two other bidders have apparently bid upwards of $1 billion dollars each for the popular video site. It is unclear who the other 2 buyers are at this point, but they join at least 7 other entities who made offers last week, including Yahoo, Time Warner Cable, and Guggenheim Digital. According to Reuters, the number of bidders will be narrowed down within the next two or three weeks. Read about the Hulu bidding wars here.