TECH NEWS: Apple to Consider a Bid for Hulu!

@ http://www.smashwords.com/books/view/52213 A man walks by a display of iPhones at an Apple Store on July 19, 2011 in San Francisco.Photographer: Justin Sullivan/Getty Images. Apple Inc.(AAPL), with $76.2 billion in cash and securities on its books, is considering making a bid for the Hulu online video service, two people with knowledge of the auction said.Hulu would give Apple a new subscription service and represent a possible challenge toВ Netflix Inc.(NFLX)В Hulu’s media- company owners,В Walt Disney Co.(DIS),В News Corp.(NWSA)В andВ Comcast Corp.(CMCSA)’s NBC Universal, are offering suitors a five-year extension of program rights, including two years of exclusive access, people familiar with the matter said earlier this week.«Part of the ecosystem of Apple’s future is to include more video,» saidScott Sutherland, Wedbush Securities Inc.analyst in San Francisco who recommends buying the stock.«It’s something they are focused on.»Apple typically doesn’t make large acquisitions, Sutherland said in an interview.Its biggest purchase of a company was the $400 million spent for NeXT Software Inc., the 1996 deal that returned Steve Jobs to the company, according to Bloomberg data.-----------------------------------------------------------

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