Hulu Bidding Hits $1B, DirecTV Among Top Bidders

Bidding for Los Angeles-based video streaming site Hulu is heating up, with the latest numbers being leaked on a deal saying that the company has received three bids worth at least $1 billion. According to multiple reports, Hulu has received bids from DirecTV and two other bidders, who offered up at least $1 billion for the company over the weekend. Hulu is being advised by Guggenheim Partners in an auction of the company.