News Ticker

Apple considered buying CNN parent company

According to a report out in the Financial Times, Apple considered buying CNN’s parent company, Time Warner.

The report quotes three people briefed on the matter, who report the proposal was made last year at a meeting between Eddy Cue, who leads Apple’s iTunes, iCloud and Music divisions, and Olaf Olafsson, Time Warner’s head of corporate strategy. The meeting was arranged to discuss possible tie ups between the companies including the inclusion of Time Warner’s cable channels on future video streaming services from Apple.

The talks of a buyout never went beyond that stage however, and the sources said Apple CEO Tim Cook and his counterpart at Time Warner, Jeff Bewkes were never involved, notes the International Business Times.


Advertisements

Discuss Below!

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s