Watch stocks you care about
The single, easiest way to keep track of all the stocks that matter...
Your own personalized stock watchlist!
It's a 100% FREE Motley Fool service...
Hulu, you're such a tease.
Once again, a bidding war for the streaming video service gets called off by the owner. Hulu's bigwig studio partners announced on Friday that they'll be keeping Hulu, putting an end to yet another lame auction process.
DIRECTV (UNKNOWN: DTV.DL ) seemed like a shoo-in to win the Hulu sweepstakes. The country's largest satellite television provider doesn't have much of an online presence, and snapping up Hulu and potentially making it exclusive to DIRECTV subscribers could've really helped justify the pay-TV provider's hefty monthly rates.
Hulu's consortium of present owners are committing to invest $750 million to take the site to the next level. Hulu is popular for its ability to stream television shows between a day to a week after they initially air, but Hulu could use a page out of the faster-growing digital smorgasbords and beef up its catalog.
We'll see how far $750 million goes, and then we'll see who falls for the inevitable auction process for Hulu.
Briefly in the news
And now let's take a quick look at some of the other stories that shaped our week.
- The future of smartphones may be a battle of megapixels. Nokia (NYSE: NOK ) formally unveiled the Lumia 1020, a Windows Phone making waves for its 41-megapixel lens.
- The sky's the limit for priceline.com (NASDAQ: PCLN ) . Morgan Stanley analyst Scott Devitt upgraded the fast-growing travel website operator, boosting his price target to $1,010. It's the first analyst to cross the four figures in setting a goal for Priceline.
- Tesla Motors (NASDAQ: TSLA ) was tapped to fill next week's vacancy in the Nasdaq 100. The electric-car maker has tripled in recent months, making it one of the 100 largest non-financial stocks in the exchange.
Beyond next week
Tax increases that took effect at the beginning of 2013 affected nearly every American taxpayer. But with the right planning, you can take steps to take control of your taxes and potentially even lower your tax bill. In our brand-new special report "How You Can Fight Back Against Higher Taxes," The Motley Fool's tax experts run through what to watch out for in doing your tax planning this year. With its concrete advice on how to cut taxes for decades to come, you won't want to miss out. Click here to get your copy today -- it's absolutely free.