Apple could look to take advantage of the turmoil in the stock market and consider acquiring Disney according to one analyst.
With the ongoing coronavirus pandemic, the global stock market has been on a major downward trend.
Last week, Disney saw its stock drop below the $100 mark, with it now sitting at $88.80 a share.
The has led Rosenblatt Securities analyst Bernie McTernan to suggest that Apple could consider acquiring Disney.
“We believe those with long-time horizons, like mega-cap companies with large cash balances and whose equity outperformed Disney over the last three weeks, like Apple, could take advantage of the volatility,” said McTernan. “The upside from acquiring Disney would be securing their content/streaming strategy and potential synergies from adding the emerging Disney ecosystem to the iOS platform.”
“Disney Plus could solve Apple’s content problem as we believe AppleTV Plus is off to a relatively slow start,” he said.
There have long been rumours Apple may look to acquire one of its streaming competitors in order to boost content. Netflix has often been touted as an option.