Apple to acquire Netflix? Citi report supports rumors

Apple is planning to get ahead this year by making one of the biggest acquisitions to begin with. According to City Analysts, the technological key player is all set to put Apple stamp on the Netflix, the content-rich premium streaming platform.

The company is expected to offer a large amount of cash for the Netflix, as the company has more than $250 billion dollars in cash. Do note that, the company is also planning to acquire Disney with a nominal chance of 20 percent to 30 percent in cash. The new tax laws in the US will also help the company to save some dollars.

From last few years Apple is struggling to push Apple TV for the loyal Apple fan base, however, as the company doesn’t have any exclusive content, the tech company is struggling a lot to cope up with the competition like HBO and Netflix.

What does this mean for the loyal Apple fans? If Apple can capture these streaming services, then Apple will be able to cater exclusive shows and content for Apple TV platform. So, the resources on the Apple TV will get better over the time. Apple is even working with the top of the tier movie directors to create exclusive content for the Apple Tv platform.

Here is the official product statement from Suva and Merchant:

“Historically, Apple has avoided repatriating cash to the US to avoid high taxation. As such, tax reform may allow Apple to put this cash to use. With over 90% of its cash sitting overseas, a one-time 10% repatriation tax would give Apple $220 billion for M&A or buybacks.”

So, what do you think about these tie-ups? Can Netflix and Disney give the success that Apple is expecting from the streaming industry? Share your opinions in the comment box.

Recent Articles

Vidyou on Demand Appsumo deal helps to create high-quality video ads

Video ads bring your product to life, effectively driving sales and demand (the things those commercials have made me do for a Klondike Bar...). But...

Appsumo Deals: June 2020 SAAS Lifetime Software Deals

Appsumo New Deals List of June 2020 Appsumo deals and discount coupon codes. Crello Appsumo deal: Crello Pro is an easy-to-use online design editor with thousands of...

WPRest Appsumo lifetime deal ending in 72 hours

Imagine if you could remove all the annoying plugins from your WordPress site, or even, *gasp*, reset the whole thing with a couple of...

Compound Governance Token (COMP) Listed on Poloniex

Poloniex listing Compound Governance Token from 17th June 2020. Here is the official announcement from the exchange. "We’re excited to welcome Compound Governance Token...

LeadKlozer Webinar: Are your Facebook Marketing Dollars Going Down the Drain?

Did you know that according to Forbes, "More than 80% of small to medium sized enterprises reported feeling stressed and overwhelmed and panicking everyday about...

Related Stories

Leave A Reply

Please enter your comment!
Please enter your name here

Stay on op - Ge the daily news in your inbox