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Apple rumored to be eyeing potential Time Warner purchase

Time Warner is under pressure to sell or spin off assets and, according to a new report, Apple is keeping a watchful eye on the happenings. Unnamed sources believe Apple is interesting in Time Warner properties, which include HBO, to help jump-start the company's long-in-developer "skinny" TV service. From the New York Post: "With Time Warner shares closing at $71.06 on Tuesday — well below the $85 offer from 21st Century Fox that its board rejected 18 months ago — the New York company is seen as a sitting duck among media companies because it, unlike its peers, doesn't have a dual-class shareholder structure. In addition to Apple, AT&amp;T, which now owns DirecTV, is also seen as a possible Time Warner suitor, as is Fox, which Bloomberg noted would still make a good partner for the Jeff Bewkes-led company." Picking up some of Time Warner's assets could put Apple in a more competitive position to offer a streaming service to consumers, which would sit comfortably alongsi...<br clear='all'/>

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Source: Apple rumored to be eyeing potential Time Warner purchase (http://feedproxy.google.com/~r/TheIphoneBlog/~3/EJONFPvloes/story01.htm)