Friday, July 22, 2011

Apple interested in the Hulu video service?

The computer group Apple could make a bid to video service Hulu, reports Bloomberg, Friday, July 22. The information site, citing two unnamed sources, said however that the discussions have only just begun. With this acquisition, Apple, which has more than $ 76 billion in cash and securities, may consolidate its position in the field of online video service and compete with Netflix.

Hulu, which has nearly three hundred employees, diffuse flow of programs, available free through advertising on the Web. A subscription fee can also watch movies or series not only on computers but also televisions connected, on shelves or console gaming network. The selling price of the service - owned by media groups Disney, NBC Universal and News Corporation and Providence Capital Fund - is estimated by Bloomberg to $ 2 billion.

No spokesperson for Apple or Hulu does wish to make comment. Many potential buyers? If the purchase is confirmed, it would be a new investment for the firm at the apple. Apple is part of a consortium of six companies, who just get their hands on the latest patents of the telecommunications equipment maker Nortel.

The acquisition represents $ 4.5 billion. But Hulu also seems coveted by other giants of the Web. In early July, the U.S. press, such as the Los Angeles Times reported that Google was interested in a takeover of the video service.

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