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HomeBusinessApple and Tim Cook Proposed to Buy Time Warner CNN Companies. The...

Apple and Tim Cook Proposed to Buy Time Warner CNN Companies. The $100 Billion Bet Tim Cook looking to Buy News Company – CWEB

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CWEB.com – A person close to Apple told the Financial Times that the company is still in the market to buy a media company and with $233 billion in cash and other securities there are very few companies which are out of its reach – including Time Warner which has a market capitalization of $80 billion.

Netflix, which has a market capitalization of $48 billion, has long been a popular suggestion by analysts for a media company Apple should buy. However buying Time Warner would seem like a better fit, giving Apple a presence in TV and  film production as well as cable television – allowing them to offer all these services directly to consumers through iPhones, iPads, MacBooks and its Apple TV set-top box. The proposal did not advance beyond a preliminary stage and discussions did not include Apple CEO Tim Cook or Time Warner CEO Jeff Bewkes.

[youtube https://www.youtube.com/watch?v=JOkP_nGq1HM]

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