Apple Could Look to Acquire Disney Amid Stock Drop, Analyst Says
With 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.