Apple's Winning Game Plan? Analyst Tells Why 'Golden ESPN Assets' Could Be The 'Shoe That Fits' Cupertino
Portfolio Pulse from Shanthi Rexaline
Apple Inc. (AAPL) is reportedly considering acquiring ESPN from Walt Disney Co. (DIS) to boost its live sports content on Apple TV, according to Wedbush analyst Daniel Ives. Ives believes that ESPN, which could cost over $50 billion, would be a strategic acquisition for Apple, providing valuable sports content and major TV rights. However, he also noted potential antitrust concerns. Ives has an Outperform rating and a $230 price target on Apple shares.
August 17, 2023 | 5:55 am
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NEGATIVE IMPACT
Disney could potentially sell ESPN to Apple, which could impact its asset portfolio and revenues.
If Disney sells ESPN to Apple, it could lose a significant asset and source of revenue. This could negatively impact Disney's stock in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 70
POSITIVE IMPACT
Apple's potential acquisition of ESPN could significantly boost its live sports content, potentially increasing its subscriber base.
The acquisition of ESPN could provide Apple with valuable sports content and major TV rights, potentially attracting more subscribers to its platform. This could positively impact Apple's stock in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90