(News Bulletin 247) – Wedbush Securities maintained its ‘outperform’ opinion on Apple on Thursday, with a price target of $230, believing that a possible acquisition of ESPN would make strategic sense.
In a research note, the American broker points out that the technology group’s Apple TV+ platform, which it says has more than 50 million members at present, has seen the number of subscriptions to follow the American football league (MLS) explode with the arrival of Lionel Messi at Inter Miami.
According to the broker, Apple could seek to increase its power in live sports broadcasts, a strategy which could involve a possible takeover of ESPN, at a time when Disney is preparing to initiate a reflection on the evolution of its portfolio. of strategic assets over the next few months.
According to Wedbush, who estimates the value of ESPN at more than $50 billion, the sports network is indeed a more attractive asset for Apple than for Disney, while recalling that Tim Cook is known for his opposition to big acquisitions. since the acquisition, in 2014, of Beats for an amount of three billion dollars.
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