Apple considering Hulu bid

Jul 22, 2011 By RACHEL METZ , AP Technology Writer
Apple is looking into a possible acquisition of video-streaming site Hulu, The Wall Street Journal reported, citing an unnamed source familiar with the matter.

Apple Inc. is in talks to potentially bid for video-streaming service Hulu, according to a person close to the situation.

The person spoke on condition of anonymity because they are not authorized to talk about the matter.

An acquisition of Hulu could bolster Apple's iTunes store, which provides videos users can rent or buy, and help it compete with . Hulu offers a subscription streaming service. It also brings in revenue from ads that accompany content it streams to users free-of-charge.

Hulu, whose owners include The Walt Disney Co., . and ., started presenting its financial information to interested bidders late last month, after an unsolicited offer prompted its board to look for other offers.

Apple's interest in Hulu was reported earlier by Bloomberg News.

Explore further: Venture investments jump to $9.5B in 1Q

not rated yet
add to favorites email to friend print save as pdf

Related Stories

Hulu sees 1M paying subscribers by end of summer

Jul 07, 2011

(AP) -- Online video service Hulu expects to have more than a million paying subscribers by the end of summer, several months earlier than forecast, its chief executive said in a blog post Wednesday.

Hulu mulls putting itself up for sale

Jun 22, 2011

(AP) -- Online video service Hulu is exploring putting itself up for sale after receiving an unsolicited takeover offer, people familiar with the matter said Tuesday.

No IPO for Hulu for now: report

Dec 21, 2010

US online video entertainment site Hulu has decided not to go public for now and may examine other financing options, The Wall Street Journal reported late Monday.

Comcast has no say as Hulu considers sale

Jun 27, 2011

As speculation continues to swirl around Hulu, one of its corporate owners is forced to sit on the sidelines having no role in the fate of the popular online video site even though the outcome could greatly affect its own ...

Recommended for you

US venture investments highest since 2001 (Update)

23 hours ago

Funding for U.S. startup companies soared 57 percent in the first quarter to a level not seen since 2001, as venture capitalists piled more money into a growing number of deals, according to a report due out Friday.

Weibo IPO below expectations, raises $285.6 mn

Apr 17, 2014

Sina Weibo sold fewer shares than expected in its US IPO which was priced below expectations ahead of a Thursday listing that takes place after tech selloffs on Wall Street.

User comments : 0

More news stories

Researchers uncover likely creator of Bitcoin

The primary author of the celebrated Bitcoin paper, and therefore probable creator of Bitcoin, is most likely Nick Szabo, a blogger and former George Washington University law professor, according to students ...

LinkedIn membership hits 300 million

The career-focused social network LinkedIn announced Friday it has 300 million members, with more than half the total outside the United States.

Impact glass stores biodata for millions of years

(Phys.org) —Bits of plant life encapsulated in molten glass by asteroid and comet impacts millions of years ago give geologists information about climate and life forms on the ancient Earth. Scientists ...