LOS ANGELES/NEW YORK (Reuters) - Yahoo Inc has submitted a formal proposal to buy Hulu, joining a growing list of bidders for the video service owned by News Corp and Walt Disney Co, two sources with knowledge of the bid told Reuters on Friday.

(KKR) and Silver Lake Management LLC are vying with Yahoo! Inc. (YHOO) to acquire Hulu LLC, escalating a bidding war that has attracted cable and satellite TV, private equity, a talent agency and media mogul Peter Chernin.

In the late 90s, Yahoo! Inc. (NASDAQ:YHOO) seemed to dominate the cyberworld as the search engine of choice for masses of new web surfers.

Yahoo! Inc. (NASDAQ:YHOO) was in 66 hedge funds' portfolios at the end of March. YHOO has experienced a decrease in hedge fund interest recently.

Internet issue Yahoo! Inc. (NASDAQ:YHOO) has erased early losses to trade 0.7% higher, with the stock last seen at $26.70.

Yahoo! Inc. (YHOO) Now that Yahoo! Inc. (NASDAQ:YHOO)'s efforts to buy a controlling stake in Dailymotion have come to an end, the rumor is that the company is looking to buy Hulu.

Analysts are weighing in today on Internet giant Yahoo! Inc. (NASDAQ:YHOO), entertainment software developer TiVo Inc. (NASDAQ:TIVO), and data storage provider Western Digital Corp.

Yahoo! Inc. (NASDAQ:YHOO) Marissa Mayer's arrival at Yahoo! Inc. (NASDAQ:YHOO) nearly a year ago put the company back into the spotlight.

Tumblr · Pinterest · Reddit · Digg · FarkIt · StumbleUpon. Tumblr Inc. Chief Executive Officer David Karp, a 26-year-old who started the company in 2007, signed a note announcing Yahoo! Inc.'s US$1.1-billion acquisition with the salutation, �F� yeah.� ...

To attract more users, Yahoo! Inc. (NASDAQ:YHOO) is reportedly interested in forming an alliance with, investing in, or outright buying Tumblr, Inc. Earlier this week, Yahoo CFO Ken Goldman announced the company's need to be "cool again" at JP Morgan's ...