By Jamie L.
SAN FRANCISCO: Apple Inc. is in talks to possibly bid for video-streaming service Hulu, according to a person close to the situation.
The person spoke on state of obscurity because they are not authorized to talk about the matter.
An acquisition of Hulu could bolster Apple's iTunes store, which gives videos users can rent or buy, and help it contend with Netflix Inc. Hulu offers a subscription streaming service. It also brings in incomes from ads that accompany content it streams to users free-of-charge.
Hulu, whose owners include The Walt Disney Co., News Corp. and Comcast Corp., started presenting its financial information to interested bidders late last month, after an unwelcome offer prompted its board to look for other offers.
The person spoke on state of obscurity because they are not authorized to talk about the matter.
An acquisition of Hulu could bolster Apple's iTunes store, which gives videos users can rent or buy, and help it contend with Netflix Inc. Hulu offers a subscription streaming service. It also brings in incomes from ads that accompany content it streams to users free-of-charge.
Hulu, whose owners include The Walt Disney Co., News Corp. and Comcast Corp., started presenting its financial information to interested bidders late last month, after an unwelcome offer prompted its board to look for other offers.
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