SK Telecom: Not Bidding For Hulu
August 24 2011 - 11:25PM
Dow Jones News
SK Telecom Co. (SKM), South Korea's largest mobile carrier by
revenue, said Thursday that it has no intention to bid for U.S.
online video site Hulu.
"We are not bidding for Hulu," said a SK Telecom spokesman. The
comment came after Reuters reported Wednesday that SK Telecom is
believed to be preparing for an initial bid, citing one of the
people close to the sale process.
According to the report, the deadline for initial bids in the
auction for Hulu was extended from Wednesday until the end of the
week to allow interested parties more time to examine the online
video site's financial information, Reuters said. Yahoo Inc.
(YHOO), Google Inc. (GOOG), DirecTV Group Inc. (DTV) and Amazon.com
Inc. (AMZN) are among the parties preparing to submit an offer.
-By Jung-Ah Lee, Dow Jones Newswires; 822-3700-1907;
jung-ah.lee@dowjones.com
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