Yahoo Looking to Buy YouTube Content Provider for $250 Million: Report

Advertisement
By Reuters | Updated: 27 June 2014 09:21 IST
Internet giant Yahoo has put in a bid of around $250 million to buy Fullscreen, a company which creates content for YouTube channels, Britain's Sky News reported on Thursday.

Yahoo is looking to expand its reach to young consumers through the acquisition of the company, which generates more than 3 billion monthly views on Google Inc's YouTube.

Yahoo faces competition from private investment firm Chernin for control of the California-based company, Sky quoted insiders as saying.

Chernin is already a shareholder in Fullscreen, having bought a stake in June last year along with the world's largest advertising group, WPP and Comcast Ventures.

Advertisement

Chernin, owned by former News Corp executive Peter Chernin, is understood to have the right to buy Fullscreen at a previously-agreed price if other bidders do not offer at least $300 million, Sky reported.

Advertisement

Fullscreen was founded in 2011 by George Strompolos, a former Google executive.

© Thomson Reuters 2014


Yahoo acquisitions under Marissa Mayer
 
Post your comments

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.

Further reading: Fullscreen, Internet, Yahoo, YouTube
Apple Introduces 16GB iPod touch With Rear Camera; All Variants Get Price Cuts
HP Wins Dismissal of Lawsuit Linked to Ex-CEO Hurd's Ouster
Advertisement
Popular on Gadgets
Latest Gadgets
Popular Mobile Brands
#Trending Stories
  1. Here's When the Realme 16 Pro Series Will Launch in India
  2. Sony's Year-End Holiday Sale on PS5 Accessories, Games Kicks Off Next Week
  3. OTT Releases This Week: Thamma, Mrs Deshpande, Raat Akeli Hai The Bansal Murders, and More
  4. Google's Pixel Upgrade Program Lets You Get the Latest Model Every Year
  5. Here's How Much The Redmi Note 15 5G Could Cost in India
  6. Oppo Reno 15 Pro, Reno 15 Pro Max Global Variants Surface on Geekbench
  7. Oppo Reno 15 Pro Mini Tipped to Launch as First Compact Reno Smartphone
  8. YouTube Bans Popular Channels for Making Misleading AI-Generated Movie Trailers
  9. Instagram Will Now Restrict the Number of Hashtags You Can Use
  10. Dominic and The Ladies' Purse Streaming Now: Know Where to Watch It Online
#Latest Stories
  1. Adobe Partners With Runway to Offer Firefly Users Early Access to Video Generation Models
  2. New FIFA Game to Launch on Netflix Games in Time for FIFA World Cup Next Year
  3. WhatsApp GhostPairing Scam Reportedly Lets Hackers Take Over Accounts Without Authentication
  4. Honor Magic V6 Tipped to Launch With 7,200mAh Dual-Cell Battery, Snapdragon 8 Elite Gen 5 SoC
  5. YouTube Bans Popular Indian Channel for Making Misleading AI-Generated Movie Trailers
  6. OpenAI Updates AI Guidelines to Prioritise Teen Safety Over Other Goals
  7. Dominic and The Ladies Purse Out on OTT: Know Everything About Streaming, Plot, Cast, and More
  8. Sony Announces Year-End Holiday Sale in India on PS5 Accessories, Games
  9. Xiaomi 17 Ultra Battery, Charging Specifications and Colourways Tipped Ahead of Launch
  10. Redmi Note 15 5G Price in India, Storage Configurations Tipped Ahead of January 6 Launch
Gadgets 360 is available in
Follow Us
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2025. All rights reserved.