Apple expressed interest in buying Time Warner, the owner of HBO, CNN and Warner Brothers, in a meeting held late last year, according to a report in the Financial Times.
The paper claims Eddy Cue, who oversees Apple's iTunes store, Apple Music and iCloud, raised the subject of a potential bid in a meeting with Olaf Olafsson, Time Warner's head of corporate strategy, in New York. The Financial Times cites three people who were briefed on the discussion.
The discussion about a purchase did not progress any further, and never included Apple's chief executive Tim Cook nor Time Warner boss Jeff Bewkes. Apple and Time Warner declined to comment.
Cue's meeting had been set up to explore various commercial relationships between the companies, such as the potential inclusion of Time Warner's cable channels in a future Apple video-streaming service.
Read full story at http://www.newsmax.com/Finance/Companies/apple-time-warner-bid/2016/05/27/id/731049/
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