July 22, 2011

Apple May Buy Hulu, Contradicts Steve Jobs ESPN President Exchange

Apple Inc. (AAPL), with $76.2 billion in cash and securities on its books, is considering making a bid for the Hulu online video service, two people with knowledge of the auction said.
Apple, the world’s second-most-valuable company, is in early talks that may lead to an offer for Hulu, said the people, who weren’t authorized to speak publicly.
It would be quite unlike Apple to buy a service like Hulu, which is in the same state as the ESPN phone. Hulu’s bankers are in full-blown mode of launching trial balloons.