Now that US President Donald Trump’s corporate tax cut has been passed, there is a 40% likelihood that Apple may acquire Netflix, Business Insider reported.
The Apple merger and acquisition target were detailed in a note by analysts to clients in December.
The note was written before Disney announced that it would acquire 20th Century Fox’s studio and TV assets.
According to the report, Trump’s cut in corporate taxes and a one-time allowance for companies to repatriate cash stored overseas without a major tax hit gives Apple a much larger potential cash war chest to buy new companies.
Business Insider reported that Apple has about $252 billion in cash, with much of it held outside the United States.