–
According to a star analyst, the time may have come when Apple is trying to buy Walt Disney. The stock market crash made Disney “cheap”.
Apple is stashing incredible cash reserves and it has been rumored for some time that the company could soon use them to announce large takeover plans. It was only rumored in early 2019 that that Apple could incorporate Sony Pictures. But nothing came of it. Apple may long for a much larger portfolio. Rosenblatt analyst Bernie McTernan may now be the time when Apple could prepare to take over Disney. Imagine how Apple TV + and the iTunes Store could be upgraded with Disney brands. From one day to the next, Apple would not only be one of the world’s leading technology companies, but also the largest film studio at the moment.
Apple has enough money to buy Disney
Apple could take advantage of the price fluctuations of the stock market crash, in which Disney lost about 35 percent in a very short time. Apple also had to drop feathers in the wake of the corona crisis, but the Cupertino company is still one of the most valuable in the world. Apple is currently valued at around $ 1.21 trillion, while Disney is worth just $ 165 billion. Apple alone has $ 107 billion in securities behind it. In total, Apple is said to have over $ 230 billion in cash. And yes, you could already afford a mega-fusion like Apple / Disney.
If not now then when?
And if all of this seems too far-fetched, for a little background knowledge. The recently resigned Disney Bob Iger CEO was very close friends with Steve Jobs. Jobs has been dead for over 8 years and Iger wrote in his autobiography: “If Steve Jobs were still alive, we would have merged our companies or at least seriously discussed this possibility.” Iger was also on Apple’s board of directors from 2011 to 2019. Instead of fighting each other in the streaming market, companies could merge and benefit from each other. Disney brings content and Apple’s platform and reach. But even the two companies would become united if the American stock exchange regulator still had to agree.
–
