Citi analysts see 40% chance Apple will buy Netflix

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

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

As revealed by Business Insider, Citi analysts say there's about a 40 percent change of Apple buying the streaming content provider, citing President Trump's recently passed tax cuts for corporations as the driving force for this acquisition.

"The firm has too much cash - almost $250 billion - growing at $50 billion a year". Apple's possible mergers and acquisitions were given a ranking by two of Citi's analysts in a presentation it shared with its clients, which highlighted Netflix as a possible purchase. While Apple has $252 billion hoarded away (90% of it held overseas), the Trump tax cut will allow the company to repatriate these holdings while taking a small tax hit. According to analysts from Citi, there's a decent chance that the iPhone maker might be considering buying Netflix. Suva and Merchant also offer up Disney (25 percent possibility), Tesla (5 percent) and gaming companies Activision, Electronic Arts and Take-Two Interactive (all 10 percent) as potential spending targets for Apple's corporate tax break.

A report by IANS pointed out that there is a 40 percent that Apple might buy the video-streaming service. The company is also developing its own scripted video series which will star Reese Witherspoon and Jennifer Aniston. Or less than half sure that Apple will, in fact, acquire Netflix.

OnePlus 3/3T users on OxygenOS 5.0.1 warned to uninstall FactoryMode
OnePlus really didn't waste any time fulfilling its promise of bringing the 5T's Face Unlock feature to the original 5 . One of them has been the Face unlock feature, which we found to be very fast and mostly accurate in our review.

iTunes is said to have lost some of its subscribers to subscription services like Netflix, Hulu, and Amazon for their favorite shows.

Originally founded in 1997 as a mail-based DVD rental program, Netflix has since redefined its image as the world's leading streaming content provider.

However, this prediction should come with a huge grain of salt: namely, that this is all on the words of analysts who, as Forbes says, "have nothing to lose".

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In September 2017, reports poured in that Apple might lease the Culver Studios in California as it plans to pour $1 billion (roughly Rs. 63,000 crores) into TV and movie productions.

The purchase would tightly integrate the Netflix platform with Apple TV-much like with Amazon Prime and Amazon's Fire digital media players-but it's little more than speculation at this point.

Nollen predicted that Netflix will increase original content from 25 percent in 2017 to 60 percent in 2020.

Mahrez magic steers Leicester to first win in five league games
He and Algeria global team-mate Slimani netted inside seven second-half minutes as the Foxes ended a six-game wait for a win. The pre-match talk revolved around Adrien Silva - who came on as a late sub four months after his move from Sporting Lisbon.

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