Satellite operator DirecTV and two various other bidders have provided more than $1 billion apiece to buy Hulu, a source with knowledge of the bidding process said on Friday, increasing the probability that owners Information Corp and Walt Disney Co will be able to drop the video streaming service they fell short to offer in 2011.

Hulu board members, who are being encouraged by Guggenheim Partners on the auction, fielded at least 7 buyout offers last week, the source said.

That number will be trimmed in the next 2 or 3 weeks, the source told Reuters on condition of anonymity since the procedure was exclusive.
It was unclear which two other bidders offered $1 billion for Hulu. The service has more than 4 million subscribers and produces profits of about $700 million through subscriptions and a free of cost ad-supported service.

Satellite TV supplier DirecTV is considering purchasing all or parts of streaming-video website Hulu, according to report Friday.
An unnamed source told The Wall Street Journal that Hulu’s owners, which include Walt Disney Business and Comcast, are thinking about several options for the website’s future, consisting of offering it.

Other unnamed sources informed Bloomberg that DirecTV is still in preliminary discussions relating to Hulu and that it’s not clear if DirecTV will buy some or all Hulu.