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AP source: Apple considering Hulu bid (AP)
Posted on July 23rd, 2011 No commentsSAN FRANCISCO – Apple Inc. is in talks to allow video-streaming service Hulu, a person familiar with the situation said Friday.
The person who said that Apple is among several companies interested Hulu, speaking on condition of anonymity because they are not allowed to talk about the issue. In early July, the search giant Google Inc. has been said to be among about a dozen companies in talks to potentially buy Hulu. Yahoo is also believed to be interested.
Hulu, owned by Disney, News Corp., Comcast Corp. and Providence Equity Partners, has begun presenting its financial information to interested bidders at the end of last month after the unsolicited offer prompted his counsel to seek other offers.
The online video service stream movies and TV channel ABC, Fox and NBC, and computers – for a monthly fee – a series of Web-connected mobile devices like smartphones and Tablet PC. Hopefully your payment service, Hulu Plus, with more than one million subscribers by the end of summer and its CEO, Jason Kilar, has said it is profitable.
Hulu acquisition for Apple could boost its iTunes store, the video users can rent or buy offers, but currently does not provide streaming content or a streaming subscription service. It could also help the Cupertino-based iPhone and iPhone-like hanger manufacturer with competitors such as online video pioneer Netflix Inc., the DVD offers by e-mail and video-streaming services and video from Google Inc. 'S popular streaming site YouTube, free-flowing, advertising and film distribution in several major studies.
Apple has a lot of money on hand to make a deal. At the end of last quarter, its horde of cash and marketable securities totaled $ 76.2 billion.
And Apple CEO Steve Jobs, who is now retired doctor, has a relationship with one of the owners of Hulu is: It is the main shareholder of the Walt Disney Co. "if a member of its board.
However, if Apple – or any other company – were to buy Hulu, there is no guarantee he would be able to continue to disseminate the contents of the current owners of the company. The buyer may have to obtain a new license agreement for content.
Forrester Research analyst James McQuivey said key to any agreement which would involve an agreement to play Hulu video content of its current. And if, as many analysts expect, Apple develops its own television series, adding Hulu would put the company in an "incredibly powerful position," he said.
Hulu is not just interested in exploring possible deals. Earlier this month, Disney CEO Bob Iger told reporters that the owners of Hulu are "determined to sell." He spoke on the sidelines of an annual meeting of media leaders summit organized by investment bank Allen & Co. in Sun Valley, Idaho were. Iger comments reported by Bloomberg News and The Wall Street Journal.
BGC Partners analyst Colin Gillis said it makes sense that Apple would take a meeting with Hulu, but Hulu because some of the activities funded by advertising which is contrary to the current model of Apple to buy or rent videos. It makes more sense for Google or Yahoo Inc. to buy Hulu, he said.
"They are not the most logical buyers," says Gilles de Apple. "Maybe ascent few bills into the hands of Google makes some sense."
But, as with any surgery, he noted that whether or not useful depends on the purchase price.
Hulu is interested in Apple's previously reported by Bloomberg.
Technology Stuff Apple Inc, Comcast Corp, Google Inc, Hulu Plus, News Corp, Providence Equity Partners, San Francisco, Tablet PC
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