Monday , November 30 2020

Who could buy Netflix? Here's the answer

The finance company JP Morgan recommended it to Apple: they need to buy Netflix, including more than interesting companies like Sonos or Activision Blizzard.

According to the Los Angeles Times, the idea could come from Apple investors, who, after the 25% reduction in the company's market capitalization since the record they imposed in October last year, believe it may be viable for the company that Cupertino takes the mountains money he must invest in new and very attractive technological assets, such as Netflix.

Of course, the offer to the entertainment company must be really juicy, it is estimated to acquire Netflix, Apple should be willing to spend at least $ 189 million.

The recommendation to make this transaction was made by Samik Chatterjee, analyst of J.P. Morgan. The board is afloat after considering the nearly $ 250 million that the iPhone manufacturer is saying in cash when assuring CNBC.

According to data available online, Netflix's net asset value is $ 148.4 million, putting it within reach of Apple's capital. According to JP Morgan, Apple has about $ 130 billion in net cash, along with an average of $ 45 billion in cash flows generated annually after dividends.

This recommendation from J.P. Morgan, markets for both companies, saw increases of 2.8% and 3.4% respectively for Apple and Netflix.

Source link