Citi sets odds on Apple's M&A target

May 05, 2017 7:46 AM ETNetflix, Inc. (NFLX)DIS, NFLX, AAPL, EA, TTWO, ATVI, TSLABy: Clark Schultz, SA News Editor147 Comments
  • Citi lists Netflix (NASDAQ:NFLX) as the top target of Apple (NASDAQ:AAPL) in a fresh note to clients titled "Addressing the Problem of Too Much Cash."
  • The investment firm thinks a 10% repatriation tax on cash sitting overseas will entice Apple to bring in the M&A firepower to Cupertino.
  • The other top potential targets for Apple identified by Citi are Disney (NYSE:DIS), Hulu, Activision Blizzard (NASDAQ:ATVI), Electronic Arts (NASDAQ:EA), Take-Two Interactive (NASDAQ:TTWO) and Tesla (NASDAQ:TSLA), with analyst Jim Suva writing that each is a strategic fit in its own way.
  • The Citi handicapping puts 40% odds on a Netflix buyout, 25% odds on a Disney buyout and the rest at 10% or lower odds. Add you own potential Apple target in the comment stream.
  • NFLX +0.78% premarket to $158.47. DIS +0.30% to $111.50. EA +1.22% to $95.92. TSLA +0.51% to $296.96.

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