Here’s Why Apple Won’t Buy Netflix When It Repatriates Its Billions
Apple can bring its massive overseas-held profits back to the U.S. with far less taxation under the new tax code. But let’s not read too much into that.
Don’t expect Apple to buy Netflix this year with the billions of dollars it repatriates–despite that widely shared analyst report this morning that offered almost even odds of such a deal. (Even in the unlikely event it happens, it won’t be due to the sudden influx of cash available to the company as a result of the new tax law.)