Disney and Apple
February 28th, 2006 by ert
Barron’s released a paper suggesting that when Steve Jobs becomes the largest stock-holder of Disney, he may encourage Apple to buy the theme park/media behemoth.
If you aren’t aware, Jobs is already the CEO of Pixar, as well as Apple and with his purchase of 7% of Disney stock, has become the largest single shareholder of the company.
"I think he has an open option," Barron’s quoted analyst Christopher
Whalen, a New York-based managing director of Institutional Risk
Analytics. "Disney is badly undervalued right now. Jobs might get an
opportunity to take it out."
Whalen, a New York-based managing director of Institutional Risk
Analytics. "Disney is badly undervalued right now. Jobs might get an
opportunity to take it out."
Whalen argues that Jobs’ unique familiarity with both the content and
technolgy sides of Hollywood make the case for a bid more compelling.
technolgy sides of Hollywood make the case for a bid more compelling.
"The markets and Disney shareholders would welcome a merger led by their apparent savior, Steve Jobs," Whalen concluded. (source — MarketWatch)
Posted on Tuesday, February 28th, 2006 at 1:32 pm In Stock Market Investing