X

One Way Apple May Use All That Cash: Buy Hulu

With $76 billion in cash, pressure on Apple to buy something
By Mark Russell,  Newser Staff
Posted Jul 22, 2011 7:48 AM CDT

(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 million it paid for NeXT Software 15 years ago. “Part of the ecosystem of Apple’s future is to include more video,” notes one analyst.

story continues below

Hulu has been considered one of the hottest companies in Silicon Valley, with Google, Microsoft, and Yahoo reportedly all sweet on the Internet video service. Hulu claims it will have more than 1 million subscribers by the end of August and $500 million in revenue this year. With so much cash on hand, Apple is reportedly also looking at InterDigital Inc, a company valued at $3.37 billion whose patents Apple is interested in. (Read more Apple stories.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.
X