Friday, December 07, 2007

Apple to Buy Warner Music Group?

Might Apple buy a controlling interest, or more, in WMG and/or the other major record companies?

From Peter Kafka, Silicon Alley Insider

Apple (AAPL) has spent the past few years minting money via iPod sales, and is now doing the same with the iPhone. That's allowed the company to accumulate a $15 billion cash hoard -- more than IBM, HPQ, INTC or GOOG, Fortune points out.

Fortune points that Apple could easily swallow Netflix (NFLX), Tivo and Circuity City (CC) and have plenty of cash left. But let's think bigger: $15 billion can go along way. For instance, Steve could purchase Warner Music Group (WMG) and the other three big music labels, or at least a controlling stake in all of them.
Link

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