3 Stories

One Way Apple May Use All That Cash: Buy Hulu

With $76 billion in cash, pressure on Apple to buy something

(Newser) - Apple may have found something to do with its $76 billion in cash after all—the tech giant is eyeing Hulu, reports Bloomberg . Such a buy could cost Apple more than $2 billion, which would make Hulu the most expensive company Apple has ever purchased by far, topping the $400... More »

Nortel Files for Bankruptcy

Telecom company's stock down 30%

(Newser) - Nortel Networks Corp filed for bankruptcy protection today in federal court in Delaware, the first major tech company to seek protection since the global downturn started. Nortel, North America's biggest maker of telecommunications equipment, filed a day before the company was due to repay a $107 million interest debt on... More »

Motorola, Nortel Talk Joint Venture

Latest deal in ailing telecom-equipment industry

(Newser) - Motorola and Nortel are in talks about a possible merger of their wireless-infrastructure units, insiders tell the Wall Street Journal. In the works is a joint venture with Nortel holding a majority stake and likely revenues of around $10 billion from sales of network equipment for wireless phone carriers. The... More »

3 Stories