Apple, Inc. (AAPL) Nears Deal with Time Warner Cable (TWC) to Offer TV Programs

(Updated - July 2, 2013 3:59 PM EDT)

Apple (Nasdaq: AAPL) shares are moving higher following headlines that it and Time Warner Cable (NYSE: TWC) might be nearing a TV deal.

Bloomberg reports today that an anouncement from Apple and TWC could come within a few months.

Apple is also hiring Pete Distad from streaming content company Hulu. He is expected to aid Apple in negotiations with media and cable executives.

Apple has been expanding content on Apple TV with the latest being Time Warner’s (NYSE: TWX) HBO and Walt Disney’s (NYSE: DIS) ESPN.

Shares of Apple are up 2.4 percent into the close Tuesday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Apple's (AAPL) Offer To Open Up Tap-and-go Tech To Be Approved By EU Next Month, Sources Say - Reuters
• NVIDIA (NVDA) closes 10% down, wipes off over $210B in market value
• Magnificent 7 stocks may soon see wave of investment dollars from largest US funds