No announcement yet.

Apple could bid for Disney: Barron's -, 2/25/06

This topic is closed.
  • Filter
  • Time
  • Show
Clear All
new posts

  • Apple could bid for Disney: Barron's -, 2/25/06

    Barron's on Saturday said it's possible that Apple could make a bid to buyout Disney after CEO Steve Jobs becomes the legendary entertainment firm's largest shareholder.

    Jobs, who is the CEO of computer animation business Pixar as well as Apple, will own 7% of Disney after that firm's agreement to acquire the maker of movies like Toy Story and Finding Nemo.

    "I think he has an open option," Barron's quoted analyst Christopher Whalen, a New York-based managing director of Institutional Risk Analytics. "Disney is badly undervalued right now. Jobs might get an opportunity to take it out."

    Whalen argues that Jobs' unique familiarity with both the content and technolgy sides of Hollywood make the case for a bid more compelling.

    "The markets and Disney shareholders would welcome a merger led by their apparent savior, Steve Jobs," Whalen concluded.

    Check out my Theme Park Photos at

There is currently 1 user online. 0 members and 1 guests.

Most users ever online was 3,719 at 09:15 AM on 07-20-2012.