Disney has bought up lots of companies over the years, Including Pixar, Lucasfilm, and Marvel making them the biggest powerhouse in Hollywood. Now it looks like Disney could end up being the one that is bought by Apple.
According to Variety, Apple is trying to buy the company for $237 billion, which would create “a company worth $1 trillion with ‘almost limitless opportunities in content and technology.”
This is an acquisition of major proportions and it’s a fact. This could happen! According to RBC analyst reports, “Recently, investors have increased their expectations that Apple could seriously consider acquiring Disney.” They go on to say that the purchasing of Disney would be “contingent on Apple getting tax breaks to ‘repatriate’ overseas cash.”
A combined Apple-Disney would create an instant competitor to Netflix that would take advantage of the Mouse House’s content and Apple’s user base, the anlaysts speculated. Other benefits: integrating Apple consumer tech as experiences in Disney’s theme parks; and landing global streaming sports rights for ESPN via the combo of Disney-backed BAMTech and Apple distribution and a strong balance sheet.
It’s explained that content is a major focus for Apple right now and taking on Disney offers an avenue to “diversify away from hardware without diluting the strong Apple brand.”