Disney CEO Bob Iger Says The Company Won’t Be Sold To Apple

In equity, the Apple deal did not appear all that farfetched. Apple is stepping into the media recreation with Apple TV+, however what they’re lacking is a giant, engaging media library. There was a lot hypothesis that Apple would make a play for a giant firm. And positive, Paramount is on the market, Lionsgate is on the market. However Disney? That makes it a distinct recreation. With Disney struggling and its inventory just lately hitting a multi-year low, now would appear just like the time to strike.

Be that as it might, straight from Iger’s mouth, this is not occurring. However what about Disney making one other splashy acquisition? In spite of everything, beneath Iger’s unique tenure as CEO, he spearheaded acquisitions of Pixar, Lucasfilm, Marvel, and, most significantly, Fox. So why not make one other play? Properly, in the course of the city corridor, Iger additionally made it clear they aren’t seeking to purchase something as of proper now:

“We now have a terrific set of property right here…Nothing is eternally, however I’m very, very snug with every of the property that we now have.”

Fairly frankly, Disney remains to be saddled with practically $50 billion in debut because of the gigantic Fox deal. So yeah, at a financially tumultuous time, making one other buy would make little sense. Being bought would make extra sense, however that is been taken off the desk … for now. With that, it is as much as Mr. Robert Iger to steer the ship again in the correct course.