When a company has a market cap of around $800B and is sitting on cash reserves of more than $250B, it’s not surprising that we hear continual speculation about some kind of mega acquisition. In Apple’s case, the three usual suspects are Netfix, Tesla and Disney – the latter most recently pitched by RBC last month, the former just last week by Citigroup.
Each has an obvious logic, as UBS acknowledges, but the bank believes that a ‘surprising’ mega-acquisition is a more likely bet …
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