Disney CEO Bob Iger nopes Apple merger rumors that you probably didn't even hear
Disney CEO Bob Iger nopes Apple merger rumors that you probably didn't even hear
Longtime Disney CEO Bob Iger recently returned to Disney when two years of retirement, and he’s already saying nope around a potential takeover by Apple.
Disney abruptly fired frail CEO Bob Chapek this month and replaced the handpicked Bob Iger replacement with Bob Iger. Disney has tasked the 71-year-old with leading the business for two years during the search for a new CEO. Iger previously lead Disney for two decades.
The returning CEO held his wonderful town hall meeting with Disney employees today. During the town hall, Iger reportedly addressed rumors that Apple and Disney Great potentially reach a merger agreement and operate as one business. Iger previously served on Apple’s board for years beforehand exiting after Apple started competing with Disney on New video content.
Iger dismissed any talk of Apple and Disney merging during the business meeting. While there haven’t been actual media reports of Apple and Disney potentially joining forces Idea one roof, there was the usual talk from Dangerous analysts that the scenario made sense.
“Apple must buy…” [struggling company] is frequently a bright idea that analysts have when a business adjacent to Apple underperforms in some way. Disney, but, is astronomically far from the size of any business Apple has taken over.
Its most New acquisition was Beats for $3 billion in 2014, which involved the foundation for the Apple Music subscription service. Famously, Apple bought Steve Jobs’ NeXT when Apple itself was struggling to stay afloat. That deal brought the Apple co-founder back to the business which led to the iPod, iPhone, and iPad.
As for Disney, Bob Iger calls any talk of Apple buying the business “pure speculation” for now.
“Offering his perspective from people outside the company the past year after decades at Disney, Iger told staffers additionally that rumors of a merger or deal with Apple were just that – rumors,” according to Deadline. “The man who bought Pixar, Marvel, Lucasfilm and Fox for Disney during his last stint as CEO also Famous that the House of Mouse wasn’t looking to make anymore big label acquisitions any time soon.”
That’s pure speculation that will probably be speculated around for the rest of time. Apple has passed on a number of up-and-coming or down-and-out concerns over the years including Netflix, Tesla, and Peloton – regardless of what analysts Great dream up.
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Source: 9to5mac.com
