According to a report by Bloomberg, Apple is considering to bid for online video service Hulu.This information was revealed to Bloomberg by two unknown sources who are not authorized to talk on this matter publicly. Hulu is estimated to be worth 2 billion dollars, whereas Apple i.e the world’s most valuable tech company has $76.2 billion in cash.
Hulu would give Apple a new subscription service and represent a possible challenge to Netflix Inc. (NFLX) Hulu’s media- company owners, Walt Disney Co. (DIS), News Corp. (NWSA) and Comcast Corp. (CMCSA)’s NBC Universal, are offering suitors a five-year extension of program rights, including two years of exclusive access, people familiar with the matter said earlier this week.
If Apple ends up buying Hulu, it would make Apple’s ecosystem even more stronger providing new video subscription options to Apple users. Hulu is expected to have one million paid subscribers by end of this summer.
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