Now that US President Donald Trump’s corporate tax cut has been passed, there is a 40% likelihood that Apple may acquire Netflix, Business Insider reported.
Citi analysts Jim Suva and Asiya Merchant ranked potential Apple merger and acquisition targets in a note to clients sent in December, listing Netflix as the most likely candidate to buy.
The note was written before Disney announced that it would acquire 20th Century Fox’s studio and TV assets, giving a potential Apple-Disney deal a 20% to 30% chance.
According to the report, Trump’s cut in corporate taxes and a one-time allowance for companies to repatriate cash stored overseas without a major tax hit gives Apple a much larger potential cash warchest to buy new companies.
Business Insider reported that Apple has about $252 billion in cash, with much of it held outside the United States.
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