Could Buying Disney Be in Apple's Future?
A Disney and Apple merger could be a match made in heaven.
RBC Capital Markets believes a merger between Apple (AAPL) - Get Report and the Walt Disney Co. (DIS) - Get Report would make strategic sense for the iPhone maker. Disney's exposure in Apple's portfolio would give the company more exposure to media and entertainment content.
Analysts say the odds of the merger taking place is low. If the deal were to take place RBC sees Apple paying a 40% premium to Disney's price. The company is valued at about $157 per share, implying an equity value of $237 billion.
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This article was written by a staff member of TheStreet.
