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Hilarious. A long time ally of Apple will invest in a company hell bent (and somewhat righteously so) knee capping Apple.
Apple and Disney are themselves competitors in the streaming market.
So is there a term like "acquihire" - except it means more like "we sold a stake in out company so we would get access to their legal department" instead of "we sold a stake in out company so we would get cushy jobs"?
So is there a term like "acquihire" - except it means more like "we sold a stake in out company so we would get access to their legal department" instead of "we sold a stake in out company so we would get cushy jobs"?
Who needs whose legal department and why?
I wonder if Apple has any regrets about its battle with Epic... Seems like they could have been a great launch partner for the Vision Pro...
Corporate leadership needs to start understanding that once they've saturated the market they need to loosen up or they're at risk of becoming a populist target.
Will be interesting to see what % stake Disney got. Tencent currently owns 40% of Epic and Sony has another 5%. Given their last valuation of $32B it doesn't seem like Disney will end up with more than 3-4%. Still a good chunk, but not quite enough to call the shots.
Hilarious. A long time ally of Apple will invest in a company hell bent (and somewhat righteously so) knee capping Apple.
I think an appearance of friendliness mainly came from Steve Jobs, and he’s been gone for a long time now.
Earlier quoted context omitted.
Who needs whose legal department and why?
Epic vs Apple just became Disney vs Apple
Apple is trying to maintain its draconian grip over the app store because of the sweet revenue it brings. With worldwide regulatory pressure, that dam will eventually burst. But they'll keep it going as long as they can.
Apple is happy to engage in backroom deals. There's a future where Apple could acquire either or both of these companies.