Investing.com – Netflix (NASDAQ:NFLX) and Time Warner Inc (NYSE:TWX) jumped higher at the open in New York on Thursday due to a report that Apple (NASDAQ:AAPL) may be interested in the two companies.
Eddy Cue, in charge of the iTunes store, Apple Music and iCloud, reportedly brought up the possibility of an acquisition with Time Warner’s head of corporate strategy Olaf Olafsson, according to a report from the Financial Times (FT).
In early trading, Time Warner jumped more than 2%.
The London-based paper suggested that conversations did not go beyond initial discussions and the heads of the two companies were not involved.
Regardless, FT cited some bankers who suggested that Apple had been considering several potential media companies, including the idea of acquiring a streaming company such as Netflix.
Netflix jumped 3% at the market open.