The buzz around Apple’s potential acquisition of Disney has reached a fever pitch, and Bob Iger, Disney’s CEO, has once again addressed the intriguing question during a recent earnings call.
In The Walt Disney Company’s third-quarter earnings call, Iger was directly questioned about the likelihood of Disney being acquired by a tech giant. Although Apple’s name wasn’t explicitly mentioned, it’s clear the inquiry refers to the swirling rumors of a Disney-Apple union.
Iger’s response was cautious but cryptic, stating, “I just am not going to speculate about the potential for Disney to be acquired by any company.” While it wasn’t a definitive dismissal, Iger chose to remain tight-lipped about any potential merger.
He also acknowledged the complexity of the “global regulatory environment,” emphasizing that any potential acquisition would need to navigate these intricate waters. Iger reassured that such matters are “not something we obsess about,” signifying a balanced perspective.
Concluding his remarks, Iger left much to interpretation, saying, “I’ll say no more than that.”
Insiders and experts are weighing in. A veteran Hollywood executive noted, “I don’t think [Apple] would buy the company as it presently exists, but if you see Bob start to divest things… that feels like he’s prepping for a sale. And there’s clearly no buyer like Apple.”
The longstanding connection between Apple and Disney adds fuel to the speculation. Iger’s acquisition of Pixar from Apple in 2006 and the shared history of Steve Jobs and Bob Iger on each other’s boards have added to the intrigue.
In his memoir, ‘The Ride of a Lifetime,’ Iger highlighted the close relationship he shared with Jobs, stating, “I believe that if Steve were still alive, we would have combined our companies, or at least discussed the possibility very seriously.”
Amidst the swirling rumors, Needham & Co. analyst Laura Martin projected a timeline, suggesting a Disney purchase could materialize within the next three years. Martin sees this potential merger as a driving force for Apple’s forthcoming Vision Pro augmented reality headset.
However, looming over any grand merger plans are concerns about the complex “global regulatory environment” Iger mentioned earlier. Experts predict a potential acquisition might face significant regulatory hurdles and skepticism from Disney’s devoted fanbase and shareholders alike.”
Sid Philips is a father of two and a loving husband. He currently resides in Pennsylvania and has been a fan of Disney since his parents took him there in 1980! Sid has visited multiple Disney parks around the world and loves each one!
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