Wall Street bank believes Apple may buy Netflix

Netflix

These analysts put the probability of a Netflix purchase by Apple at 40 percent, with the the purchase being made possible thanks to President Trump's tax cuts. Let us know why or why not down below!

Netflix stock was up by 4.56 percent on Tuesday after Macquarie Research recommended the shares, and after Citi analysts said there was a 40 percent likelihood Apple could acquire the streaming service company. While all of that sounds good, it's still less than a 50 percent estimate! "This is a good problem to have", Suva and Merchant said in the note.

In addition to the money saved by Apple with the tax cuts, companies will also have the opportunity to bring in money stored overseas back to the USA without major tax issues. Apple wants to get benefited from this by using its $252 billion cash stored in foreign jurisdiction.

According to the Citi analysts, "With over 90 percent of its cash sitting overseas, a one-time 10 percent repatriation tax would give Apple $220 billion".

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In a recent note to clients, the analysts ranked potential Apple M&A targets and marked Netflix as the company Apple would be most likely to acquire.

In September 2017, reports poured in that Apple might lease the Culver Studios in California as it plans to pour $1 billion (roughly Rs. 63,000 crores) into TV and movie productions. It reportedly has backed a Steven Spielberg anthology series and a drama series, not yet titled, starting Jennifer Aniston and Reese Witherspoon. For perspective, Disney's buy-up with Fox was worth $52.4 billion.

Apple already produces some original content including shows like "Carpool Karaoke" and 'Planet of the Apps, ' which debuted on Apple Music in 2017. Earlier this year, Facebook launched Watch, a new home for original video content. However, while Apple has tried to lure streaming customers with original content, viewers still flock to other services, like Netflix, Hulu and Amazon Prime Video.

From Netflix's perspective, why should this deal happen? The new strategy favors subscription-based media businesses over ad-focused firms due to the growing trend of ad avoidance among consumers. Nollen believes Netflix can save money by spending less on licensed content. Netflix's stock price had a previous close at $191.96 on Friday.

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