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

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.

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. Vivo Confirms OriginOS 6 Update Schedule in India: See Release Timeline
  2. OnePlus 15 Confirmed to Debut in These Three Colourways
  3. Kantara: A Legend Chapter-1 Lands on Amazon Prime Video Soon
  4. Red Magic 11 Pro Series With Liquid Cooling Launched at This Price
  5. OnePlus Pad 2 With Dimensity 9400+ SoC to Launch Alongside OnePlus 15
  6. Microsoft Rolls Out Deep Copilot Integration Across Windows 11
  7. Lava Probuds Aria 911 Mega Flash Sale: Get Lava's TWS Earbuds for Rs 21
#Latest Stories
  1. Vast Space to Launch Haven-1, the World’s First Private Space Station in 2026
  2. Atmospheric Carbon Dioxide Soars to 424PPM, Marking Biggest Yearly Jump Ever
  3. Black Hole Tears Star Apart, Sends Out Powerful Flares Six Months Later
  4. Shakthi Thirumagan OTT Release: When, Where to Watch Vijay Antony-Starrer Action Thriller Online?
  5. Former Assassin's Creed Boss Says He Was Asked to 'Step Aside' by Ubisoft
  6. Arshad Warsi's Bhagwat Chapter 1: Raakshas OTT Release: Everything You Need to Know About This Thriller
  7. Vivo Confirms OriginOS 6 Update Rollout Schedule in India: Check Full Release Timeline
  8. Huawei Nova Flip S Launched With 4,400mAh Battery, 2.14-Inch Cover Screen: Price, Features
  9. The Fantastic Four: First Steps Reportedly Set for OTT Debut Soon: All You Need to Know
  10. Huawei Nova 14 Vitality Edition Launched With 5,500mAh Battery, 50-Megapixel Selfie Camera: Price, Specifications
Gadgets 360 is available in
Follow Us
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2025. All rights reserved.