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Yahoo Bids for Hulu: Report

Following its $1.1 billion acquisition of Tumblr, Yahoo has put in a "formal proposal to buy Hulu," according to Reuters, which cited two anonymous sources.

Yahoo has said that it is considering other acquisitions and has been working to expand its video offerings for some time.

Other companies that have been mentioned as possible suitors include former News Corp. president Peter Chernin, Time Warner Cable, DirecTV and Guggenheim Digital Media.

Meanwhile, Bloomberg has reported that KKR & Co. and Silver Lake Management LLC, in partnership with WME, have also joined the list of potential suitors.