“Apple has $206 billion in cash. One Wall Street analyst has some ideas for how CEO Tim Cook can spend it,” Paul R. La Monica reports for CNN.FBR’s Daniel Ives put out a report Thursday morning with the following intriguing title: ‘Christmas M&A List for Cook & Co. Heading into 2016: A Look at Potential Deals Ahead.'”
“So who should Apple buy? Ives has four targets in mind,” La Monica reports. “Adobe, Box, GoPro, Tesla.”
La Monica opines, “Investors probably shouldn’t hold their breath waiting for any of these deals to happen though — especially since $187 billion of Apple’s cash is held overseas for tax purposes.”
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