Apple Hulu Bid of the Day: Apple has entered “early talks” to buy Hulu, according to Bloomberg.
Apple currently has a massive cash reserve of $76.2 billion, and no subscription media service — iTunes rentals are still offered via a la carte download — so it appears Hulu would be a good fit for the company.
Yahoo! and Google are both still in the running to buy Hulu, as well, with Yahoo! reportedly making a $2 billion offer. Microsoft has dropped out of the bidding.
Whoever eventually buys Hulu will likely also get a five-year extension of program rights from Disney, News Corp. and NBC, including two years of exclusive access.
Apple Hulu Bid of the Day
Fri, 22 Jul 2011 14:55:36 GMT