Apple Could Look to Acquire Disney Amid Stock Drop, Analyst Says
Reading now: 186
hollywoodreporter.comWith stock markets battered by the coronavirus, and shares of entertainment giants hit hard, some on Wall Street have started wondering if cash-rich technology powerhouses could consider takeover offers for Hollywood companies.
Rosenblatt Securities analyst Bernie McTernan in a Friday research report, for example, suggested that Apple, led by CEO Tim Cook, could consider acquiring the Walt Disney Co., led by executive chairman Bob Iger and new CEO Bob Chapek, after its stock dropped below the $100 mark last week.
Read more on hollywoodreporter.com
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
