Microsoft and Time Warner in Talks for XBox One TV Streaming Deal (MSFT)
At an investor conference in London, Glenn Britt, CEO of Time Warner, said the company is in talks with Microsoft (MSFT), Samsung and Apple about a possible TV streaming deal. The deal will be similar to one that Time Warner currently has with Roku, which streams 300 channels through the Time Warner app.
If Microsoft was able to capitalize on this deal, it could mean that the new console from the company, the XBox One, would also be able to stream cable channels. As reported by FierceCable, the CEO of Time Warner also suggested that the company is in talks with Apple to stream through Apple’s AppleTV device.
Microsoft is down slightly for the day, and is nearly 2.7% off its 52-week high.
The Bottom Line
Microsoft (MSFT) has a 2.65% dividend yield, based on Wednesday’s closing price of $34.78.
Microsoft (MSFT) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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