“Barron’s on Saturday said it’s possible 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,” Greg Morcroft reports for MarketWatch.
“‘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,'” Morcroft reports.
Full article here.
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