Apple to acquire Disney?

The web was very active yesterday following the release of an article in the British business newspaper Barron's. Indeed, an analyst was speculating about Disney taking over by Apple!?
First, the article was mostly speculating around 2 points : Steve Jobs owns 7% of Disney shares (he is the main individual shareholder) and the currently low price of Disney shares.
So, it is difficult not to give of point of view regarding this topic, even though, we are amateurs in this field:
- Steve Jobs is not Apple, even though both names are strongly linked.
- If Steve jobs wanted to acquire Disney, he should have not sold Pixar to Disney couple of weeks ago. Indeed, Pixar's future was brighter than Disney's one. So a merger between apple and Pixar might have speed up Disney acquisition.
- Apple has always saved a large amount of cash flow, mostly to prevent any shareholders unfriendly maneuvers and also to keep control of its future.
- In the past such large mergers have been synonyms of bad deals (AOL-Time Warner or Vivendi-Universal).
We think that Apple and Disney can work really closely together benefit mutually of a strong collaboration; but it does not necessarily imply a merger or a take-over.
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