Apple To Bid On Hulu [Rumor]
Sources tell Bloomberg that Apple is looking to spend some of that $76.2 billion or so in cash it has lying around on Hulu, a Los Angeles based online video streaming site. Hulu’s parent companies, comprised of Disney Co., News Corp. and Comcast Corp’s NBC Universal, among others, are in the preliminary stages of taking bids for the online video giant from companies like Yahoo, Amazon, Microsoft, Google, and even AT&T.
Apple has not yet released any figures, and are apparently still in the early stages of making an acquisition. While a source from Yahoo has made public that it is willing to bid $2 billion, as long as the contract includes the streaming rights to Hulu’s online content for four to five years.
As of right now, Hulu is only available in the U.S., but if Apple were to acquire the online streaming giant, it would most likely be made available to all of some 222 million iDevices worldwide. What a cash cow that would be, probably toppling even bigger online streaming companies like Netflix. Apple is most likely now going to be viewed as the biggest player in the standings, with its bank account now sitting with numbers above the GDP of 126 countries. It is also likely Apple will try to beef up its recent acquisitions list, which already has them in on $2.6 billion for a piece of the now extinct Nortel Networks patents.
Note: Included in Nortel’s patents are the rights to next generation 4G LTE networks.
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