“Time Warner Inc. isn’t even on the block yet, but Apple is staying extra close to any possible movement on this front,” Claire Atkinson and Josh Kosman report for The New York Post. “The tech giant is among a handful of companies, all possible suitors of the entertainment company, which has recently come under pressure from activists to sell itself or spin off assets, sources familiar with the situation said Tuesday.”
“With Time Warner shares closing at $71.06 on Tuesday — well below the $85 offer from 21st Century Fox that its board rejected 18 months ago — the New York company is seen as a sitting duck among media companies because it, unlike its peers, doesn’t have a dual-class shareholder structure,” Atkinson and Kosman report. “In addition to Apple, AT&T, which now owns DirecTV, is also seen as a possible Time Warner suitor, as is Fox, which Bloomberg noted would still make a good partner for the Jeff Bewkes-led company.”
“Apple is eyeing Time Warner’s assets to ease the launch of a stand-alone streaming TV service, a senior tech insider suggested on Tuesday,” Atkinson and Kosman report. “Eddy Cue, one of Apple Chief Executive Tim Cook’s top lieutenants, in charge of content deals, has been keeping tabs on proceedings at Time Warner, a source close to Apple said.”
Read more in the full article here.
MacDailyNews Take: Apple should use their cash pile to create some much needed leverage to finally get their Apple TV subscription bundle(s) up and running.
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