The coronavirus pandemic plunges the stock markets. In this particular context, "large-capitalization companies with significant liquidity", such as Apple, could "profit from the volatility" of the market, according to a report by Rosenblatt Securities analyst Bernie McTernan, relayed by The Hollywood Report.
In the report, analyst suggests that Apple, led by CEO Tim Cook, may consider acquiring the Walt Disney Co. led by executive chairman Bob Iger and new CEO Bob Chapek, after its stock fell below the 100 dollar mark last week, noting that Disney's market capitalization was around $ 165 billion, while Apple has about $ 107 billion in cash and securities.
"Disney lost about $ 85 billion"
"In the past three weeks, Disney has lost about $ 85 billion, or roughly a third of its market capitalization," said the specialist. The Disney + streaming platform could help boost Apple's TV + streaming service. Apple, contacted by our colleagues from The Hollywood Reporter, did not respond to a request for comment on this scenario.
High-Tech
Coronavirus: Apple's next keynote will only be streamed
High-Tech
Coronavirus: Netflix and Disney + pause their productions and delay the release of films
- Series
- Media
- Apple
- Disney