Time Warner Inc has held talks to acquire Fullscreen Inc, one of the popular YouTube video networks, a person with knowledge of the matter said, according to an article in Bloomberg on Saturday. Officials at Time Warner were not immediately reachable for comment Sunday morning.Time Warner joins Yahoo! Inc and Relativity Media LLC in looking at Fullscreen, which operates a network of channels on Google Inc's YouTube, according to three people, who all asked not to be identified because the deliberations are private, the article said.Fullscreen, backed by Peter Chernin and Comcast Ventures, is the latest online video network to arouse the interest of big media, Bloomberg said.In an April release, Fullscreen said it has 380 million subscribers and more than 3 billion monthly video views. The company generated $50 million to $70 million in revenue last year, which it shares with the YouTube channels in its network, and isn't profitable, the person said, according to the article.
Time Warner Inc. (Time Warner) is a media and entertainment company. Shares of TWX traded higher by 0.49% or $0.33/share to $68.37. In the past year, the shares have traded as low as $55.71 and as high as $70.77. On average, 5558640 shares of TWX exchange hands on a given day and today's volume is recorded at 4796924.
Yahoo! Inc. (Yahoo!) is a global technology company. Shares of YHOO fell by 0.47% or $-0.16/share to $33.76. In the past year, the shares have traded as low as $23.82 and as high as $41.72. On average, 21954000 shares of YHOO exchange hands on a given day and today's volume is recorded at 20303364.
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