Apple’s $165 Billion Cash Hoard Creates M&A Mirages
- Disney is latest potential acquisition target to be floated
- The stock’s strong performance makes a splashy deal unlikely
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Apple Inc.’s slowing growth and cash-rich balance sheet are again fueling speculation that the world’s most valuable company should make a big acquisition.
Entertainment giant Walt Disney Co. recently joined a long list of potential acquisition targets that over the years has grown to include Netflix Inc., Tesla Inc., Peloton Interactive Inc. and Sonos Inc. They all have one thing in common: Anyone betting that Apple would buy them has so far been sorely disappointed.