Apple, who recently revealed another outstanding quarter’s financials, is sitting on a war chest of more than $50 billion (yes, billion) dollars. With one of the world’s most successful companies holding on to that kind of cash, it’s inevitable that the industry will be abuzz with possible candidates for acquisition.
Names such as Sony, Facebook and Yahoo have all been thrown around as possible M&A targets for Apple, but it’s also possible that Steve Jobs and co. could have their eyes set on streaming and DVD-by-mail powerhouse Netflix.
Brian Marshall of Gleacher & Co made his comments during a recent interview on CNBC (Apple discussion begins at about 1:34), saying that Netlfix’s large library of titles makes it a tempting target for Apple. Said Marshall:
“I do think that [a Netflix] transaction could make sense . . . You know, Apple wants to be the first company (in my opinion) to seamlessly integrate the home office and the living room. And what’s limiting them in terms of doing that now is basically content and better broadband into the home. . . If you look at content, they have over 10,000 movie titles on iTunes. Netflix obviously has over 100,000 movie titles. I think that would be a pretty interesting marriage right there.”
Do you think Apple has Netflix in its sights, Insiders? What would be the upside for the tech giant in such an acquisition?
(via The Mac Observer)