News Corp., Walt Disney and Comcast, owners of Hulu, have extended the deadline for second-round bids to allow DirecTV additional time to get its financing in place, reports the New York Post.
DirecTV will likely submit a bid of about $1 billion for the streaming service, the story says. Its rival bidders are Guggenheim Digital Media and Chernin Entertainment in partnership with AT&T.
Meanwhile, KKR and Yahoo! are expected to drop out of race after offering lower bids, between $600 million and $800 million.
The bidders and Hulu declined to comment, the story adds.