3 Reasons Apple Isn't Buying Disney
There are going to be a lot of buyouts at the other end of this COVID-19 coronavirus pandemic. Cash-rich companies are going to feast on the broken, picking up important puzzle pieces that are licking their wounds with bruised egos.
No one is as flush with cash as Apple (NASDAQ: AAPL). The tech giant is armed with $107.2 billion in cash and short-term marketable securities. It has nearly $100 billion more in long-term marketable securities. It's going to have the pick of the litter when it's time to go shopping for strays later this year. A logical buyout candidate is Disney (NYSE: DIS), and earlier this week, Rosenblatt analyst Bernie McTernan became the latest Wall street pro to float that notion.
With Disney stock hitting a five-year low on Wednesday, it's easy to see why Apple buying the media giant while it's out of favor makes sense. Both companies have globally admired brands, rich ecosystems, and the ability to get away with premium-priced products and services. Disney's popular CEO just stepped down, making this as good a time as any to make a move. Apple buying Disney is a nice thought, but let's go over some of the reasons the pairing isn't going to happen.
Source Fool.com
