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February 26, 2006

Apple to buy Disney?


Apple , Business

Market Watch is reporting. that Apple could make a bid to buyout Disney after CEO Steve Jobs becomes the legendary entertainment firm's largest shareholder.

Jobs, who is the CEO of computer animation business Pixar , as well as Apple will own 7% of Disney after that firm's agreement to acquire the maker of movies like Toy Story and Finding Nemo.

"I think he has an open option," Barron's quoted analyst Christopher Whalen, a New York-based managing director of Institutional Risk Analytics. "Disney is badly undervalued right now. Jobs might get an opportunity to take it out."







 

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