Citi analysts say that there's a 4-in-10 chance that Apple buys Netflix
Apple is sitting with a vault so full of money that even Scrooge McDuck is jealous. Every now and then, Apple uses some of this money to make a small acquisition. For example, the company recently took $400 million out of petty cash to buy music discovery app Shazam. The largest acquisition that Apple has made by itself is the $3 billion it spent to purchase Beats Audio. But if a pair of Citi analysts are correct, there is a chance that Apple will top that record by a factor of approximately 34. According to Citi analysts Jim Suva and Asiya Merchant, there is a 40% possibility that Apple will buy streaming video content provider Netflix. The latter currently has a market capitalization in excess of $80 billion. Add on a 30% premium and you're talking about a $104 billion purchase. Before Disney's bid for Fox, the two analysts gave an Apple-Disney combination a 20% to 30% chance of happening. The analysts say that a Disney deal would have a larger impact on