“We are always looking at acquisitions,” Apple Inc chief executive officer Tim Cook told analysts last month. Other potential blockbuster Apple acquisition targets include Walt Disney Co and electric carmaker Tesla Inc, Baird analyst William Power wrote in a recent note to clients. “They’re used to being able to muscle their way in and get attractive economics.”For Apple’s acquisition of Beats, neither party used an investment bank. However, Apple’s lack of a successful track record integrating big acquisitions puts off sellers, according to a person who has negotiated with Apple’s deals team. Failures like that helped forge Apple’s caution on larger deals, according to one of the people familiar with its thinking.
Source: thestar February 16, 2017 05:21 UTC