Movies - TV
Disney CEO Bob Iger Says The Company Won’t Be Sold To Apple
By RYAN SCOTT
On November 28, Bob Iger answered Disney employee questions during a town hall about the future of the company now that he's back in control as CEO. One question addressed the rumor that Apple could potentially buy Disney, but Iger quickly dismissed the notion as "pure speculation."
Much of this was born out of an article appearing in The Wrap that quoted an insider speculating that Iger's ultimate goal would be to sell the company, with Apple being the logical destination. But it seems, for now, that Iger is more focused on getting Disney's house in order, rather than making some new mega deal.
Apple is getting into the media game with Apple TV+, but what they're missing is a big, attractive media library. There has been much speculation that Apple would make a play for a big company and with Disney struggling and its stock recently hitting a multi-year low, now would seem like the time to strike.
Some have also speculated that since Iger's original tenure as CEO culminated in the acquisitions of Pixar, Lucasfilm, Marvel, and Fox, perhaps Disney will be the one looking to make a purchase. However, Iger seemed to shoot that idea down as well stating, "We have a great set of assets here […] Nothing is forever, but I am very, very comfortable with each of the assets that we have."