Apple might buy Netflix

Citi Apple acquisition targets

Citi analysts says Apple will be able to repatriate about $220 billion in cash to the US under the Trump tax cut.

The analysts said Apple has far too much cash at close to $250 billion and it grows annually by about $50 billion.

"Historically, Apple has avoided repatriating cash to the U.S.to avoid high taxation". Apple wants to get benefited from this by using its $252 billion cash stored in foreign jurisdiction.

According to Suva's latest report, if we do see Apple buying Netflix, the iPhone maker would only need about one-third of the expected $220 billion in cash it's expected to have after it repatriates its cash. According to some analysts with financial company Citi, Apple may have set its sights on the ripe streaming service.

Besides the Apple-Netflix speculation, the streaming company's shares may have also been boosted by Macquarie Research's recommendation in a note written to clients on Tuesday.

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If Apple were to buy Netflix it could spark a tech giant arms race, with the likes of Amazon and Google both looking for ways to shore up Amazon Prime Video and YouTube repetitively to fend off any extra competition Netflix can levy with Apple's help and the iOS ecosystem.

Originally founded in 1997 as a mail-based DVD rental program, Netflix has since redefined its image as the world's leading streaming content provider. Now that we know that such a deal can happen, the question is, will it?

He argued that the streaming firm is "actually being more judicious" about how much it spends on original content, contrary to the many headlines reporting that it's willing to spend $20 million per original TV episode.

Reports from September even suggested that Apple might lease the Culver Studios in California as part of a broader plan to invest $1 billion into TV and movie productions. However, "he points that there are strategic reasons for Apple to buy Netflix when you look at the financials, it would take a long time for the bet to pay off if it ever does". It reportedly has backed a Steven Spielberg anthology series and a drama series, not yet titled, starting Jennifer Aniston and Reese Witherspoon. Google-owned YouTube is already producing original television series, whereas Amazon has won Oscars for "Manchester by the Sea" show. The boost in original content will result in a $2 billion saving in licensing fees, the analyst said. Nollen believes Netflix can save money by spending less on licensed content.

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