Analysts say there's a 40% chance Apple will buy Netflix

Citi analysts Jim Suva and Asiya Merchant believe that there’s a 40 percent chance that Apple might end up buying Netflix. They feel this way now that U.S. President Donald Trump’s corporate tax cut has been passed. The tax cut paves the way for Apple to bring its massive pile of cash stored in foreign jurisdictions to the United States. The repatriated cash can then be used for stock buybacks and acquisitions. The corporate tax cut is accompanied by a one-time allowance to repatriate cash stored overseas without a major tax liability. Apple has long avoided repatriating cash to the United States in order to avoid high taxation. This tax reform might entice Apple to bring the money to the United States by paying a one-time 10 percent repatriation tax.Apple is sitting on more than $252 billion in cash and almost 90 percent of it is parked outside the United States. Even after the repatriation tax, it would have over $220 billion at home to fund mergers and acquisitions as well as stock buybacks.T

Analysts say there's a 40% chance Apple will buy Netflix

The end of 2017 saw Disney attempt to take on industry behemoth Netflix with a proposed $52 billion takeover of 21st Century Fox. But a pair of analysts from financial giant Citi think there’s ...

Tue 2 Jan 18 from Techspot

Apple Could Buy Netflix, According To Citi Analysts

Citi analysts Jim Suva and Asiya Merchant believe that there’s a 40 percent chance that Apple might end up buying Netflix. They feel this way now that U.S. President Donald Trump’s ...

Mon 1 Jan 18 from Ubergizmo

Here’s Why Apple Won’t Buy Netflix When It Repatriates Its Billions

Apple can bring its massive overseas-held profits back to the U.S. with far less taxation under the new tax code. But let’s not read too much into that. Don’t expect Apple to buy ...

Tue 2 Jan 18 from Fastcompany Tech

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