Yahoo withdraws from Hulu sale process

Internet giant Yahoo has withdrawn from the bidding process for video streaming site Hulu, a new report in All Things Digital has claimed.

The reported move comes just as Yahoo has shifted its leadership, with former chief executive Carol Bartz removed from her position.

The new report states Dish Network, Amazon and Google are all still bidding for the site, but they all have different proposals. Yahoo has withdrawn entirely, it states.

The report claims each bid for the service offers a value on the company that takes into account long-term agreements with television partners for putting content online.