Netflix Acquisition Allows For Apple

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Apple urged its shareholders to make significant corporate acquisitions. The reason, currently the technology giant is pocketing cash in large amounts, ie US $ 256 billion.

As reported Phone Arena, Citibank analyst, Jim Suva said repatriation tax cuts of 10 percent could actually give Apple a chance to make a major acquisition. Suva also made a list of companies that are likely to be the target of Apple's acquisition.


A number of companies he writes are companies that are considered very strategic for the global scale and can have a positive impact on Apple shares.

Netflix also appeared on the top ranks of the list. According to Suva, the largest video-on-demand service provider has a 40 percent chance of being annexed by Apple. Then, Disney entertainment companies that have a 25 percent chance of being acquired.



Other companies included in Apple's stock acquisition are Hulu, Activision Blizzard, Electronic Arts, Take-Two Interactive, and Tesla. Suva calls these companies each have 10 percent chance to buy Apple.


"The right thing Apple should do is to use a third of the money it owns for the acquisition, and the rest can be used to buy stocks," Suva said.

Previously, Apple had spent US $ 211.2 billion for buyback of US $ 250. Then, in the first quarter yesterday, Apple has been distributing cash dividends worth US $ 3.2 billion and US $ 7 billion in shares To shareholders.
 

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