Billionaire Gabelli Bullish On Media Mergers in Wake of Trump Win, Thinks Apple (AAPL) Could Buy Disney (DIS), Netflix (NFLX)

No Threat to Time Warner, AT&T Deal

Mario Gabelli thinks there are no threats to the Time Warner Inc (NYSE:TWX) and AT&T Inc. (NYSE:T) deal under Donald Trump’s presidency, despite the Don’s open vows to kill the $85 million merger of the two companies, saying the deal would “concentrate power in the hands of too few.” Regardless, Gabelli thinks that the FCC will not “look into” this merger. He said the probability of the deal going through is now 70%, up from his previous estimate of 40%. Gabelli thinks the deal will withstand scrutiny from shareholders and that they should be able to decide whether to accept or deny the merger.

Apple Should Buy Disney and Netflix

Gabelli thinks that in order to increase consumer connection, Walt Disney Co (NYSE:DIS) could buy Netflix, Inc. (NASDAQ:NFLX), and/or Apple Inc. (NASDAQ:AAPL) could buy both companies. He thinks major activity is expected in the media industry in the next six months. He wants media companies to own and distribute content and increase connectivity on a global scale. Gabelli insisted that we should stop limiting our focus on just the U.S audience, and understand that there are billions of people in the world with mobile devices, which are hungry for content.

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