“Apple Inc., sitting on $76.2 billion in cash and securities, is considering making a bid for the Hulu online video service, two people with knowledge of the auction said,” Andy Fixmer and Adam Satariano report for Bloomberg.
“Apple, the world’s second-most valuable company, is in early talks that may lead to an offer for Hulu, said the people, who weren’t authorized to speak publicly,” Fixmer and Satariano report. “Hulu would give Apple a new subscription service and represent a possible challenge to Netflix Inc. Hulu’s media- company owners, Walt Disney Co., News Corp. and Comcast Corp.’s NBC Universal, are offering suitors a five-year extension of program rights, including two years of exclusive access, people familiar with the matter said earlier this week.”
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Fixmer and Satariano report, “Morgan Stanley and Guggenheim Partners, bankers for Hulu, have elicited interest from Google Inc., Yahoo Inc., AT&T Inc. and other companies, people said earlier. Microsoft Corp. dropped out of the bidding, a person with knowledge of the matter said this week.”
Read more in the full article here.
[Thanks to MacDailyNews Readers “Sarah” and “Manny Suarez” for the heads up.]