- Yahoo (YHOO) is looking to buy YouTube content provider Fullscreen, and has put in a bid for $250M, Sky News reports. Fullscreen has 380M subscribers and draws over 3B monthly video views on YouTube.
- Fullscreen is backed by Peter Chernin, who is said to have the right to purchase the company at a previously negotiated price, unless another bidder offers over $300M. Fullsceen generated $50-70M in revenue last year.
- YHOO +0.1% AH