Yahoo made headlines earlier this week when it purchased the social media site Tumblr for $1.3 billion.

Now, the iconic internet company could add streaming entertainment platform Hulu to its growing number of assets. AllThingsD reported today that Yahoo has submitted an offer to acquire Hulu for an undisclosed price. Yahoo joins six other suitors who are looking to buy part or all of the company, which is currently a joint venture of Walt Disney, News Corp and Comcast.

Other buyers in waiting include DirecTV, Time Warner Cable, William Morris Endeavor, KKR, Guggenheim Digital and The Chernin Group.

This move comes a month after Yahoo’s failure to buy French video streaming platform Dailymotion due to government concerns.

Hulu is in a transition period after previous CEO Jason Kilar left the company earlier this year. He was replaced by interim CEO Andy Forrsell, who was previously in charge of overseeing content on the video streaming site.

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Meet Chad Lesko, a 23-year-old Toledo resident who was accused of being a rapist on Facebook. Lucky for Toledo, Lesko is in fact not a rapist, but that didn’t stop police officers from assaulting him according to Gawker.

“When I was on the way home, I had another cop stopped me and actually slammed me to the ground because he thought I was wanted.” Lesko told Gawker in a phone interview. Lesko was also thrown out of a local park by a resident who had seen the Facebook post.

It turns out the post, which reads in part: “If you see this man, his name is Chad Michael Lesko. He is wanted by Toledo Police for 4 counts of RAPE” was set up on a dummy Facebook account by his ex-girlfriend.

The post has since been taken down, but in the time-honored internet tradition of passing around fake, life-ruining information, the post was shared more than 30,000 times.

“It really pisses me off because I would never do that,” Lesko told Gawker, “I was abused as a child and beaten as a child and I’m really against that. If you have to put your hands on a child, that’s the lowest way to go.”

I wish I could say lesson learned blind sharers and posters, but we all know tomorrow morning’s headlines will read something like: “Totally real, 100% authentic photo of nude Kanye West riding a horse with Benedict Cumberbatch receives 12 trillion Tumblr notes”

I can’t recall what the theme of my high school graduation commencement speech was, but it probably went something like: “We will achieve a lot of things in life,” or some other inspirational stuff I’ve heard many times over.

In an ideal world, showing Rhett and Link’s latest video for “The Graduation Song” instead of letting the valedictorian give some stilted, clichéd speech would make graduation ceremonies more entertaining.

Besides a catchy tune and a well-directed one-shot video, “The Graduation Song” speaks the truth that your valedictorian won’t have the guts to say—life’s going to be hard after high school and you’ll need lots of luck.

See their message to the Class of 2013 in the viral YouTube video above and an alternate video showing how the music video was made below.

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With E3, the game industry’s biggest trade show, weeks away, developers are racing to get their proverbial ducks in a row (real ducks in the case of Nintendo’s Duck Hunt reboot). With this mad scramble to the E3 finish line, some studios have started locking down the most important tool in their make-gamers-flip-out-arsenal — YouTube.

Developer Square Enix has already launched an exclusive “Square Enix Presents” series, which will be streaming live from E3 via YouTube. The prolific studio — you may have heard of their Final Fantasy franchise — will be offering game demos, interviews with developers and live coverage of the show. The crown jewel of Square Enix Presents is expected to also be the unveiling of their upcoming next-generation Final Fantasy title.

The rise of YouTube-hosted E3 coverage exploded in the past few years with the event inevitably turning into an industry-only affair. Hungry fans have since had to rely on media coverage to get their game news fix. Once the ability to attend as a general public was stripped, power fell heavily into the hands of media outlets who cannot always accommodate for everyones’ tastes.

The problem is that game magazines, channels, blogs and the like are required by their cruel corporate masters to cover the broadest possible swath of gaming news. And so some people who care only about Square Enix news are left with only the most important, most jaw-dropping reveals.

With the inclusion of YouTube live streaming channels, game developers are able to showcase every game and every announcement unveiled at E3 with as much coverage as they want.

Recently, Nintendo announced that instead of a traditional press conference outlining their upcoming games, they would host a Nintendo Direct event. Nintendo President Satoru Iwata explained in a financial briefing held in April that although the press was previously used to broadcast information to Nintendo’s audience, they would be taking a different approach:

“We also used them [reporters, investors, analysts] as a communication tool in which we broadcast our presentations on the Internet to reach out to video game fans around the globe. I believe that many are expecting us to host a similar event this year. On the other hand, since we set out on new endeavors such as Nintendo Direct two years ago in October, we have been paying special attention to the fact that different people demand different types of information from us.” Iwata explained.

That demand for “different types of information” will play a huge role among the relationship developers and YouTube will share at E3. Within the razor-thin margins of the game industry, developers must know how to expand their audience while also giving diehard fans every possible scrap of E3 news. YouTube will provide that opportunity for developers as site-wide live streaming capabilities are now open to everyone at a fraction of the resources usually required to host a live stream. The game industry is predicted to go in a massive new direction this year; it looks like YouTube is going with them as well.

For more on E3, check out our YouTube coverage from 2012′s expo:

E3 2012 YouTube Playlist

Via Joystiq

Here’s a question that’s easy to answer: who said this often tweeted and Facebooked quote: “I mourn the loss of thousands of precious lives, but I will not rejoice in the death of one, not even an enemy.” Was it (a) Martin Luther King, Jr. (b) Some 24-year-old English teacher or (c) Mahatma Gandhi?

If you guessed “a,” then you are likely one of the thousands of people who misattributed a quote from a 24-year-old English teacher to the civil rights leader in the days after Osama Bin Laden’s death in May 2011.

Misattributed quotes are the latest subject of this week’s Mental Floss viral series hosted by Vlog Brother John Green. Other notable misquotes that Green points out include that Machiavelli never said “The ends justify the means” and that Hannibal Lecter in “Silence of the Lambs” never said “Hello, Clarice” but “Good evening, Clarice.”

See more misquotes in this viral video above.

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After filming four movies together, it seems only natural that Morgan Freeman would grow tired of listening to co-star Michael Caine babble on and on about, well, anything.

Seated next to Caine during an interview with Seattle’s Q13 Fox News for their upcoming film “Now You See Me,” Freeman can’t keep his eyes open during the two-minute video. With Caine talking on and on about the movie, Freeman decides to lay his head down on his chest and, as I imagine it, lulls himself to sleep with such thoughts as “This queen loving bastard talks a lot” and “Fuck you cracker, I’m tired.”

It isn’t like he hasn’t heard it before. With four movies together, Freeman has spent years listening to Caine prattled on about the British empire, crumpets, the Queen’s corgis, phoning people on the telly, bangers and mash, visiting pubs and One Direction. So why not utilize the interview to catch up on some well deserved sleep? It’s a bold move Freeman, but what can I say, I like your style.

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The Fine Bros are famous for filming people from all walks of life reacting to the silliest or most fascinating videos on YouTube. Recently, the brothers have invited their fellow YouTubers to react to viral videos in their series “YouTubers React.”

In one their most challenging “YouTubers React” yet, the Fine Bros filmed other YouTubers’ reaction to some of the most viral videos in YouTube’s eight-year history. The catch? The YouTubers must watch these videos without laughing or smiling.

Which YouTubers will remain standing in this contest? Find out in the video above.

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Let the auction begin!

Reported this week, Waze travel app is said to be the subject of a $1 billion bidding war between Facebook and Google. Both companies have shown interest in tying the apps “social travel” features into their social media platforms to provide a more comprehensive experience for users.

The Waze app lets users share up-to-date traffic and road alerts with others in their area. It has become one of the most popular “social travel” apps with a community of over 40 million users.

While Facebook and Google have been named the top contenders in the bid, Waze is said to be in talks with numerous companies and looking to sell the company for nothing short of $1 billion. During the last couple of weeks, talks between Facebook and Waze have become public spurring Google to waste no time throwing its hat into the bidding ring as well. The Waze bidding war comes soon after Yahoo’s recent purchase of Tumblr for $1.1 billion. And while Yahoo has already expressed that Tumblr will continue to run as an independent company, should either Google or Facebook buy Waze, the app would most likely be integrated into the companies already established services.

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Ahhhhh, cute babies doing cute things!

Jimmy Kimmel is quickly becoming a master of tugging at the transmedia heartstrings — he’s so far notched up 2 million hits for his version of “The Bachelor” starring, get this, babies. Okay, so it sounds a little contrived and meh, but in all actuality, it totally works. The bachelor — Jimmy’s toddler nephew — is pretty charming and cute with the female contestants (especially Ashley the 26-year-old dental hygienist and Stella the 27-month-old cryer).

“I find this more entertaining than the actual Bachelor — I just can’t wait to see how they handle the Fantasy Suite,” said my wife, who insisted I write this article because women everywhere would “find it adorable.” Hey, don’t forget about effeminate men like myself — we love it too! (Jeff begins crying and, shockingly, lactating).

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Mozilla, the creators of the Firefox browser, and iPhone video app Givit are teaming up on the annual Firefox Flicks filmmaking contest.

Givit will be the exclusive app of the contest, which encourages entrants to create films that show how web-enabled mobile devices have changed society. Aspiring filmmakers can enter the Firefox Flicks contest by downloading the Givit app first. Then they edit their iPhone films using the app and upload them into the Givit cloud. Once they’re finished, they should transfer the film to Vimeo.

Early Entry submissions close on May 29 and the final deadline is on July 31.

Hollywood personalities like actor and director Edward Norton and producers Franklin Leonard and Cooper Samuelson will judge submissions and the grand prize winner will work with Leonard and Samuelson on a commercial for the Firefox operating system.

Greg Kostello, CEO and founder of Givit, said in a statement: “Firefox Flicks is an amazing opportunity to show just how powerful Givit can be in easily crafting compelling, professional-quality videos right from an iPhone or iPad. We feel that Givit is democratizing video creation for the masses and we’re excited to see what kind of amazing creations Firefox Flicks contestants will create using the app.”

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