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Citi Lists Netflix, Tesla As Potential Takeover Targets for Apple

posted by mrpg on Saturday May 06 2017, @07:31AM   Printer-friendly
from the I-feel-uneasy dept.

Phoenix666 writes:

Citigroup listed seven companies as potential takeover targets for Apple Inc (AAPL.O), including Netflix (NFLX.O), Walt Disney (DIS.N) and Tesla Inc (TSLA.O), as a way to put its cash hoard of more than $250 billion to work.

With over 90 percent of its cash sitting overseas, a one-time 10 percent repatriation tax would give Apple $220 billion for acquisitions or buybacks, Citigroup analyst Jim Suva said in a note to clients.

U.S. President Donald Trump's tax blueprint, which was unveiled last month, proposes allowing multinationals to bring in overseas profits at a tax rate of 10 percent versus 35 percent now.

"Since one of the new administration's top priorities is to allow US companies to repatriate overseas cash at a lower tax rate, Apple may have a more acute need to put this cash to use,"

If Apple acquired Tesla its cash reserves would supercharge the latter's potential to disrupt markets.

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  • (Score: 2) by kaszz on Saturday May 06 2017, @02:51PM (3 children)

    by kaszz (4211) on Saturday May 06 2017, @02:51PM (#505430) Journal

    Has Apple put out something really innovative since 2011 ..?

    Still recall the presentation iPod.. Phone.. etc. It's really about re-packing existing technology in a chiq and easy to use package. But it makes it easier for a lot of users to make use of said technology.

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  • (Score: 2) by Nerdfest on Saturday May 06 2017, @03:25PM (2 children)

    by Nerdfest (80) on Saturday May 06 2017, @03:25PM (#505439)

    "Easy to use" is out of date as well. Android phones are generally far easier to use now.

    • (Score: 2) by kaszz on Saturday May 06 2017, @04:43PM (1 child)

      by kaszz (4211) on Saturday May 06 2017, @04:43PM (#505462) Journal

      Anything specifically?

      • (Score: 2) by Nerdfest on Saturday May 06 2017, @06:09PM

        by Nerdfest (80) on Saturday May 06 2017, @06:09PM (#505493)

        Setting, home screen, widgets, notifications, software store, info exchange between apps, ....