Amazon, Yahoo, and Dish Network have all been eying the video site Hulu, even though Hulu is not sure it wants to sell. Reports say that the companies are offering between $1.5 and $2 billion for Hulu. which they hope could compete with Google’s Youtube.

Google may be offering even more, in what some see as an effort to “swallow up the Web video ecosystem.” In return, Google will want more content agreements for a longer period of time.

This would be the second major acquisition by Google since Larry Page took over as CEO. Last month, the company announced that it was acquiring Motorola for $12.5 billion.

While the cash is undoubtedly there, the question is whether the government will allow Google to make the acquisitions. Google is already being watched for anti-trust violations, and while it could argue that Hulu content and YouTube content are intrinsically different, it would still have to make a convincing argument for that.

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