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Walt Disney Company's CEO, Bob Iger, is reportedly considering selling the entertainment behemoth's assets to tech giant Apple Inc. amidst an internal crisis and business slowdown. This rumored move follows a period of significant acquisitions, including Marvel, Pixar, 20th Century Fox, and Lucasfilm, and unsuccessful efforts to turn around the company's fortunes by Iger himself. While there is no official confirmation yet, insiders suggest this could be a likely outcome given Disney's current predicament.
Moreover, it was speculated that Disney's chief, Iger, is seriously considering the sale of the company. As per Marca, the mass media firm managed to acquire several major firms in the entertainment business, including Marvel, Pixar, 20th Century Fox, and Lucasfilm, in the last decade, and with this, it has seemingly monopolized the industry.
Despite its acquisitions of big companies, it is now experiencing a slowdown, causing it to lose money. Bob Chapek led Disney when Iger stepped down, but his two years of tenure as CEO yielded the most disappointing results.
Chapek left, and Iger took over Disney again, intending to save the company, which is sinking fast. But despite his efforts, it seems he could not achieve his turnaround goal. Amid the difficulties, speculations about his plans to sell Disney's assets to Apple have emerged.
Iger is said to be delving into handing Disney to the highest bidder, and the iPhone maker could be the one. Then again, there is no confirmation yet about this rumor, although some people believe this may not be far from the truth due to the company's situation.
Meanwhile, before this report, CNN Business mentioned that the Disney CEO is trying to calm the company's staff, who became very worried over the possible sale of assets. Iger reportedly reassured the employees of some of Disney's business units to take away their anxiety caused by the speculations.
