Everyone knows that Apple Inc. (NASDAQ:AAPL) has over $150 billion in cash and near cash reserves, which the company is not putting up to good use by acquiring some of the companies that makes strategic sense. Well, if Apple Inc. (NASDAQ:AAPL) ever decides to go with full fledge in acquisition game, Netflix, Inc. (NASDAQ:NFLX) can be one of its primary targets, owing to the fact that Apple Inc. (NASDAQ:AAPL) is already late in the CDN game, even though it’s making up for it, while Netflix, Inc.(NASDAQ:NFLX) is currently the leader in that space.
When Jim Cramer discussed about consolidation in food companies, CNBC‘s Dominic Chu, took it a step further by looking at potential candidates in Media space that can merge and Apple Inc. (NASDAQ:AAPL) and Netflix, Inc. (NASDAQ:NFLX) was his first choice.
“Well, one potential pair that has been bouncing around the Street these days is of course Apple Inc. (NASDAQ:AAPL) and Netflix, Inc.(NASDAQ:NFLX). I mean, Netflix, Inc. (NASDAQ:NFLX) is huge, no doubt, but Apple Inc. (NASDAQ:AAPL) has got a lot of cash. So, its one of those dream scenarios possible for all those media pundits out there,” Chu said.
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