Apple was once in the running for buying Time Warner Cable, but now that they have walked away from that, they are considering a buyout of Netflix. Although there never were any talks to buy Time Warner Cable that got out of the preliminary stage, Apple is actively on the market trying to buy up some media properties that could expand their own service offerings.
For those who were unaware, Time Warner Cable was recently acquired by rival cable company Charter Communications. But before that acquisition, Apple was at the table with preliminary talks to buy the nation’s second-largest cable and internet provider.
Although Apple’s talks with Time Warner Cable did not produce any fruit, the company is still actively in the market for a media content company, which is where the possibility of Apple acquiring Netflix has come into play, according to Fortune.
The truth is, there may have never been a time when Apple was serious about buying Time Warner Cable. Just consider how the report of its possible buyout has affected stock growth in just one single day. Both Time Warner Cable and Netflix stocks have grown, but Apple has remained fairly unchanged.
Read full story at http://www.inquisitr.com/3136053/apple-considering-buying-netflix-once-considered-buying-time-warner-cable/
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