Sci-tech

Apple to Acquire Netflix: CITI Analysts

Apple to Acquire Netflix: CITI Analysts

Apple, which is sitting on a massive cash pile of $252 billion that is mostly outside the USA, would need to spend only a third of that cash to buy Netflix. $83 billion and investors are expecting considerable growth of the company.

But, in the end, one should note that the analysts are pointing at a 40% chance of this happening, and with other ambitious programs such as the autonomous auto project in hand, the Apple buying Netflix still remains a faint prediction. The recent U.S. corporate tax cut allows firms to repatriate cash which is just sitting overseas without getting hit with huge taxes.

According to Suva and Merchant, the likelihood of Apple making the purchase this year is around 40 percent.

But given its previous interest in TV, movies and video content, Netflix is the most likely choice for Cupertino to splash its cash on, providing the streaming giant is willing to sell.

This isn't the first time we're hearing an analyst suggest we could see Apple buying Netflix, and the argument remains standard: Apple wants original content and a strong presence in streaming. Under the new taxing rules, Apple will be able to repatriate about $220 billion in cash to the US. Apple has a vault of money that it uses to purchase other interesting companies that make business sense. Netflix invests heavily on original series and has crafted some of the most popular and talked-about television series we know of.

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"The firm has too much cash - almost $US250 billion - growing at $US50 billion a year".

Apple is not new to acquisitions.

Many in the industry are already aware of how Apple has struggled to plant a foothold in the movie and TV streaming business. The tax cut paves the way for Apple to bring its massive pile of cash stored in foreign jurisdictions to the United States. That money helped Apple lock down an order for a reboot of the Steven Spielberg executive-produced Amazing Stories, as well as a coveted scripted drama about morning TV shows set to star Jennifer Aniston and Reese Witherspoon. (AAPL) will buy online video streaming service Netflix Inc. For perspective, Disney's buy-up with Fox was worth $52.4 billion.

iTunes is said to have lost some of its subscribers to subscription services like Netflix, Hulu, and Amazon for their favorite shows.

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