Bob Iger Once Thought Apple And Disney Merger Would Have Happened If His Friend Steve Jobs Lived: 'I Think We Would Have Gotten There'
Portfolio Pulse from Rounak Jain
Bob Iger, CEO of The Walt Disney Co. (NYSE:DIS), once believed that a merger between Disney and Apple Inc. (NASDAQ:AAPL) would have been likely if Steve Jobs had not passed away. In his 2019 book, Iger expressed that Jobs's death prevented discussions about merging the two companies, despite their later competitive positions with the launch of Disney+ and Apple TV+. Iger's relationship with Jobs, including Disney's acquisition of Pixar, is highlighted as a foundation for this belief. Despite the speculation, Iger clarified he never discussed the merger idea with Jobs. The article also touches on Disney's recent proxy battle with Nelson Peltz, indicating Disney's leadership is confident in its current strategy without seeking major changes like a merger with Apple.
April 05, 2024 | 10:49 am
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Apple Inc. was once considered a potential merger partner with Disney, according to Bob Iger, CEO of Disney. The speculation stems from a strong relationship with Steve Jobs, but no merger discussions occurred. Apple continues to compete with Disney through its streaming service, Apple TV+.
The historical context of a potential merger with Disney does not directly impact Apple's current operations or strategy, especially with its focus on Apple TV+. The competitive landscape between Apple and Disney in the streaming market suggests a neutral impact on Apple's stock in the short term.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 80
NEUTRAL IMPACT
Bob Iger, CEO of Disney, speculated on a potential merger with Apple if Steve Jobs were alive, highlighting the strong relationship and shared vision between the two. Despite this, Disney remains focused on its current strategy, indicating confidence amid a proxy battle with Nelson Peltz.
The speculation about a potential merger with Apple is historical and not indicative of current or future plans. Disney's current focus on its strategy, especially amid a proxy battle, suggests stability and confidence in its direction, likely keeping the stock impact neutral in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80