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. Full Article
Nokia invests $250 million in venture funding
HELSINKI (Reuters) - Finnish mobile phone maker Nokia (NOK1V.HE) said on Tuesday it would invest $250 million in a new venture fund for mobile technology startups.
It would be the third fund for Nokia Growth Partners, Nokia's global venture firm which invests in mobile hardware and component companies as well as digital advertising startups.
Nokia Growth Partners had $600 million under management, according to its website.
(Reporting by Ritsuko Ando; Editing by Mark Potter)
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