Citigroup – in these seven companies as potential acquisition targets for Apple . Including Netflix, Walt Disney and Tesla Inc . As a way to put their cash reserve of more than $ 250 billion to work.
Will Apple buy Netflix :
More than 90 percent of its cash sitting abroad . A 10 percent tax on Apple’s repatriation would give $ 220 billion acquisitions or repurchases . Citigroup analyst Jim Suva said in a note to clients.
Tax bill President Donald Trump, which was launched last month . Is offering to give a tax rate of 10 percent versus 35 percent of SMEs in foreign profits now.
“As one of the priorities of the new administration to allow US companies to repatriate foreign money to reduce the tax rate . Apple – may have a more acute need to put this cash to use”
The analyst estimates that three out of five stars in his apple recommendations, according to Thomson Reuters StarMine:
Other potential acquisition targets include Activision Blizzard, video game developers . Electronic Arts and Take-Two Interactive Software, as well as video streaming service Hulu:
The analyst said that the targets were selected, taking into account the five strategic adjustment criteria, on a global scale, the size of the transaction as non-strategic assets and the likely impact on price apple shares.
Under pressure from shareholders to turn over their cash reserve, Apple recently strengthened its capital return program to $ 50 billion, its share repurchase program by adding $ 35 billion and raised its quarterly dividends amounted to 10 , 5 percent.