DirecTV, the second-biggest U.S. pay-TV service, and two other bidders are each offering at least $1 billion for Hulu LLC, the online video website, said people with knowledge of the bid.
The other two couldn’t be identified immediately. Los Angeles-based Hulu’s board has been weighing at least seven buyout offers and plans to narrow those to three or four in a few weeks, said the people, who requested anonymity because the deliberations are private.