Apple Inc. Reportedly Proposed Buying HBO And CNN Owner Time Warner

Apple_2003_logoApple raised the possibility of buying Time Warner, the parent company of Warner Bros., CNN and HBO, according to the Financial Times. While talks never went beyond a preliminary stage, the iPhone maker is still in the market to buy a media company to boost its original content output.

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.

Source Ibtimes