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Since the sun came up today it must mean that Hulu is up for sale, again. The latest extension to the sale rumors for the video streaming site is one from Reuters citing anonymous sources that indicates Peter Chernin, a former News Corp exec and Hulu board member has submitted a $500 million bid. There's no word on how big a stake he'd be interested in taking, but that's significantly lower than the reported $1.9 - $4 billion bids received from Dish and Google when the site was up for sale back in 2011. Of cours,e any sale price may vary on whether or not the acquisition come content included, but either way, we'd expect a few more possibilites to pop up before something (or nothing, like last time) happens. Of course, Peter Chernin was one of the folks pushing for a shorter theater to home release window and more TV on the Xbox, both of which have come to fruition in one form or another -- maybe he can make a deal happen.
Filed under: Home Entertainment, HD
Source: Reuters
After Kodak's auction to offload 1,100 of its digital imaging patents was green-lit this summer, it looked like Apple and Google were ready to do battle for the goods. Now, however, Bloomberg cites a pair of sources who claim that the two titans have ended their face-off and are combining their efforts in a $500 million-plus bid for the patents. All three parties are staying quiet for now, but the move would certainly not be out of form for technology giants when it comes to lucrative, and potentially volatile, patents. Helping Kodak recover from bankruptcy with more cash in its coffers is nice enough, but avoiding a courtroom feud on digital photos is what sweetens the pot all around.
[Image credit: Viktor Nagornyy, Flickr]
Filed under: Misc, Apple, Google
Source: Bloomberg
It seems like almost every day that we receive a press release announcing Verizon or AT&T is planning to expand its LTE coverage to three, five, eleven new markets. But in some remote pockets of the country, you'd be lucky to latch onto even a solid 3G signal. In a bid to make sure those folks in the boonies get their due, the Federal Communications Commission is establishing a fund to encourage carriers to roll out 3G and 4G service in sparser areas. All told, the agency plans to award up to $300 million to mobile operators, with funds going to the providers offering the lowest rates. The winners will be decided in a sealed, single-round auction, which opens June 27th and is set to close July 11th. As a condition for receiving the funds, carriers must agree to cover at least 75 percent of the road miles within a given census tract. While it's unclear at this early stage which mobile players will take the bait, the FCC's already signaled which parts of the country will be first in line for upgraded service -- namely, Rocky Mountain states like Utah and Idaho, along with Maine, Appalachia and upstate New York.
FCC to dole out up to $300 million to help carriers expand service in rural areas originally appeared on Engadget on Thu, 03 May 2012 10:22:00 EDT. Please see our terms for use of feeds.
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