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.