The coronavirus outbreak has sent shockwaves through the industry and the stock market crash has hit Hollywood studios in a big way.
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.”
With that, Rosenblatt Securities analyst Bernie McTernan suggests that Apple might be in a position to buy the Mouse House.
Disney, in particular, has lost about $85 billion in value, or roughly one-third of its market cap.