US President Donald Trump`s tax blueprint, which was unveiled last month, proposes allowing multinationals to bring in overseas profits at a tax rate of 10 percent versus 35 percent now.
Alternate Title: Apple Could Buy Netflix, Walt Disney, Tesla: Citigroup
Since one of the new administration`s top priorities is to allow US companies to repatriate overseas cash at a lower tax rate,
Apple
may have a more acute need to put this cash to use,Suva said.The analyst is rated three out of five stars for his recommendations on Apple, according to Thomson Reuters StarMine.
Apple
The other potential acquisition targets include video game developers Activision Blizzard, Electronic Arts and Take Two Interactive Software as well as video streaming service Hulu.
The analyst said the targets were screened considering five criteria - strategic fit, global scale, transaction size, few non-strategic assets and likely impact on Apple`s share price.
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Under pressure from shareholders to hand over more of its cash hoard,
Apple
recently boosted its capital return programme by $50 billion, increased
its share buyback program by $35 billion and raised its quarterly
dividend by 10.5 percent.
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