Yahoo Joins Growing List of Bidders For Hulu: Sources

LOS ANGELES/NEW YORK: Yahoo Inc has submitted a formal proposal to buy Hulu, joining a growing list of bidders for the video service owned by News Corp and Walt Disney Co, two sources with knowledge of the bid told Reuters on Friday.

Yahoo just this week announced a $1.1 billion acquisition of blogging service Tumblr. It now joins rival bidders for Hulu, including Time Warner Cable Inc, DirecTV, former News Corp president Peter Chernin and Guggenheim Digital Media, sources have said.

It is unclear how much the Internet company bid.

Yahoo's Board Approves $1.1 bln Tumblr Acquisition

SAN FRANCISCO: Yahoo Inc's board has approved a deal to buy blogging and social networking site Tumblr for $1.1 billion in cash, the Wall Street Journal cited people familiar with the matter as saying on Sunday.

Such an acquisition would be Marissa Mayer's largest deal since taking the helm of the once-iconic Internet company in July 2012.

Yahoo Japan Suspects 22 Million IDs Stolen

TOKYO: Yahoo Japan Corp. has said it suspects up to 22 million user IDs may have been stolen during an unauthorised attempt to access the administrative system of its Yahoo! Japan portal.

"We don't know if the file (of 22 million user IDs) was leaked or not, but we can't deny the possibility given the volume of traffic between our server and external" terminals, the company said in a statement late Friday.

The information did not include passwords and the kind of data necessary to verify a user's identity or reset passwords, it said, adding that the company had updated its security measures to prevent a repeat of the incident.

Google Buys Wavii For $30 Million

Google Inc has acquired Wavii, the Seattle-based startup behind a news summarization app, for roughly $30 million in cash, a person with knowledge of the matter said Tuesday.

Google's successful bid came after Apple Inc had expressed interest in buying Wavii to incorporate the startup's natural language technology into Siri, Apple's voice-activated personal assistant feature, said the person, who declined to be named because the deal has not been publicly announced.