Rumor mill: With $51B on hand, Apple set for a big acquisition

Apple (Nasdaq: AAPL), which apparently has $51 billion just sitting around, may be poised for a big acquisition. The question of the hour--or perhaps longer--is what would a company that's dominating the Internet, phone and music business want to buy?

The answer might lie in Apple's latest quest to become Apple TV. There's certainly the money there to make a big splash in the media. Apple could bid for NBC Universal, as Comcast has, and still have about $20 billion left over.

The acquisition rumor was fueled by none other than Apple CEO Steve Jobs who made a guest appearance on the company's earnings conference call. When asked what Apple planned to do with all that money, Jobs wasn't coy.

"We strongly believe that one or more very strategic opportunities may come along, that we can take, that we're in a unique position to take advantage of because of our strong cash position," he said. To make certain that he'd been heard right, he later added, "I think that we would like to continue to keep our powder dry because we do feel that there are one or more strategic opportunities in the future."

For more:
see this story

Related articles:
Apple's mobile ad market share surges as Google, Microsoft decline
No surprise: NBC won't bite into Apple's 99-cent TV plan

Suggested Articles

NCTC and Imagine Communications are working together on ad tech for broadcasters, content owners, MVPDs and virtual MVPDs.

Thanks to some recent data drops from Google and Disney, the scope of the virtual MVPD market in the U.S. is coming into sharper focus.

Sinclair’s new regional sports network with exclusive TV access to the Chicago Cubs has slid into a distribution deal with Hulu + Live TV.