Apple might have a solution to its stalled efforts to enter the streaming TV business. According to the New York Post, Apple may buy its way into the market with an acquisition of Time Warner, a company that may soon need to put itself up for sale.
Apple isn’t the only company interested in acquiring Time Warner, the New York Post said, also noting that AT&T and other firms might have an interest.
Time Warner, if you’re unfamiliar, owns several major brands including Warner Bros. Pictures, Warner Bros. Television, Warner Bros. Home Entertainment, Turner Broadcasting and, of course, HBO. That would give Apple access to plenty of movies, incredibly popular TV shows including those on HBO, and the Time Warner cable business.
Seems like a perfect fit for a company that wants to enter the streaming market, and Apple certainly has plenty of cash to do so. As the New York Post notes, Time Warner is under pressure from shareholders to sell off its business, particularly now that shares of the company are trading $14 lower than the $85 per share offer from 21st Century Fox.