Tags: apple | buying | hulu | video | apple buying hulu video | hulu video buyout | appel corporation

Apple Thinking About Buying Hulu

Friday, 22 Jul 2011 02:50 PM

Apple has been thinking about using its enormous stockpile of cash to purchase online video streaming giant Hulu, LLC, the Wall Street Journal reports.

The Cupertino, California, based tech company has roughly $76 billion in cash and investments that it can use to help the company grow and expand.

The reason for the possible acquisition could be that Hulu owns the rights to many popular TV shows such as “The Office,” “The Daily Show,” and “Family Guy.”

Apple is the third major company, after Google and Yahoo Inc., to look at acquiring Hulu.

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