Apple joins Hulu bid talks: report

LOS ANGELES Fri Jul 22, 2011 8:18am EDT

The Apple Inc. logo is seen in the lobby of New York City's flagship Apple store January 18, 2011. REUTERS/Mike Segar

The Apple Inc. logo is seen in the lobby of New York City's flagship Apple store January 18, 2011.

Credit: Reuters/Mike Segar

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LOS ANGELES (Reuters) - Apple Inc is in early talks to join the bidding for Hulu, the online video site that Walt Disney Co, News Corp and its other owners have put up for sale, Bloomberg cited two unidentified sources as saying.

Apple has begun preliminary discussions that may eventually lead to an acquisition, Bloomberg reported without elaborating.

An Apple spokesman declined to comment.

Hulu's owners, which also include Comcast Corp's NBC Universal and Providence Equity Partners, have begun preliminary sale talks with about a dozen potential buyers, including Google Inc and Microsoft Corp a source familiar with the situation said this month.

The video site is expected to have 1 million paid subscribers by the end of summer, earlier than previously forecast.

(Reporting by Edwin Chan; Editing by Gary Hill and Carol Bishopric)

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Comments (1)
fredayers wrote:
Many will remember that Apple bought Lala, a site that offered free music and shut it down to drive people to iTunes. Their attempt to buy Hulu strikes me as being another anti-competitive move, this time to put a site for videos (many of them free and ad-sponsored) out of business–again to force people to use iTunes. Despite my enormous admiration for Apple as a company in some respects, they aren’t shy about doing evil when it comes to things like this. I hope Apple doesn’t succeed.

Jul 21, 2011 9:26pm EDT  --  Report as abuse
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