According to Bloomberg, the company joins Yahoo! (YHOO) and Relativity Media, which are both looking into acquiring the network. Fullscreen CEO George Strompolos is reportedly looking for a price similar to what Disney (DIS) paid for Maker Studios.
Maker Studios, another popular YouTube video network, sold to Disney for $500 million, with an additional $450 million to be added to the deal if performance targets are met.
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TheStreet Ratings team rates TIME WARNER INC as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
"We rate TIME WARNER INC (TWX) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, impressive record of earnings per share growth, compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results."