Thus far, Bob Iger’s strategic approach to his second tour at Disney seems to revolve around skillfully and quickly reducing the company to its core businesses. But in the wake of his “everything-is-on-the-table” remarks on CNBC, long-dormant whispers regarding a blockbuster combination with Apple have returned with a vengeance. Herewith, a look at the logistics, logic, and obstacles surrounding this hypothetical megamerger.
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Apple has rarely shelled out meaningful capital in M&A, often deciding to build competing products within its rounded walls. But its interests in streaming, and sports, might make ESPN an alluring target—no matter how far-fetched the notion might have once seemed.
Five years ago, at SXSW, I asked Eddy Cue, the seemingly perennially buoyant Apple services S.V.P. and Tim Cook sidekick, whether his company would ever acquire Netflix or The Walt Disney Company. It’s the kind of question that...
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