Apple may buy Universal Music.
Here's an excerpt from
Motley Fool:
The answer to "why" may be, at its core, Apple's CEO and chairman, Steve Jobs, who has displayed strong personal interest in the entertainment industry for years. This is evidenced by his chairmanship of Pixar Animation Studios (Nasdaq: PIXR), his candid desire for Apple to better emulate Sony (NYSE: SNE) -- the music and entertainment giant -- the launch of Apple's iPod digital music player, and Mac's vigorous content applications. Word is that Vivendi approached Apple, but Jobs was probably all ears.
Since the late 1990s, the halls of Apple HQ have echoed with the notion that computer makers must become media owners if they're going to differentiate themselves. Plus, Apple is far more than a computer maker. Unlike Dell (Nasdaq: DELL), Gateway (NYSE: GTW), and others, it, of course, has the guts to write software. To compete with Microsoft (Nasdaq: MSFT), content and media applications are key.
