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@ outsidethebox
Jun 20 21:20 pm
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All Comments by kirasaw »Apple's iTunes: Rapid Sales Acceleration [View article]
Apple has about 20 billion in cash. While Sprit has a market cap of about 22.5 billion, which makes it sound like Apple could finance a take over, the truth is that Sprint has an enterprise value of over 43 billion. Enterprise Value is general the amount required to start a take over bid. So there is no way for Apple to buy Sprint. They would never spend all their cash an borrow 23 billion on top of that.