Theoretically, iTV is worth $750million.
Apple has over $120 billion in cash ... so yes they could buy them out
IF they were for sale.
Don't get your knickers in a bunch mate!
You really dont get it do you
Take money off the table completely - its nothing what so ever to do with money. Apple could afford to buy a number of countries out, it doesnt mean they could ever actually do so though!
For one thing the competition commission would never allow it as it would create another BSkyB - which will never be allowed again.
Then you've got the fact that ITV is not owned by one group, or just a bunch of standard shareholders. Its partially owned by Virgin (Richard Branson), BSkyB (which in turn is partially owned by Murdoch) and a number of others.
Sky for one would block it, as would the BBC and likely C4.
Even if you somehow manage to bribe your way past all this, there would be strong legal stipulation attached - that would be that Apple would not be allowed to close ITV. It would need to keep it funded, simply because if they ever tried to sell it off, the only interested party would be BSkyB, who wouldn't legally be allowed to buy ITV (they have already had all sorts of buyouts blocked).
Go back to my original comparison and look at it the other way around. It'd be like the BBC buying Apple just to launch a new channel called 'Apple'. Its crazy that anyone even thinks its something Apple would consider doing.
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ITV's current market cap is 6.3 billion pounds (about 9.8 billion US dollars).
Apple currently has 145 billion dollars in the bank as cash.
So, Apple could DEFINITELY buy ITV if they really wanted to, in a hostile takeover by buying their stock, and still have 135 billion or so left.
ITV is super large and super powerful, but Apple is so much more so.
No. Competition Commission. Read my last post - its nothing to do with who has the most cash.