Jim Cramer: An Apple-Disney Merger Is As Real As 'The Lion King'

One of Wall Street's bold predictions consists of Apple Inc. AAPL acquiring Walt Disney Co DIS. Analysts at RBC Capital Markets explored this scenario last week and concluded that while the odds of such a merger are very low, it is nevertheless not zero.

CNBC's Jim Cramer commented on the hot topic during his daily "Mad Money" show on Thursday. While acknowledging there is some rationale behind the merger in terms of content creation and distribution, the fact remains the analysts set such a "low bar" on the deal and are "basically just saying anything's possible."

Story Is Fiction

Cramer added that much like "Lion King," an Apple–Disney merger is essentially pure "fiction." Investors who bought Disney's stock under the assumption Apple could come in with an offer representing a 40 percent premium to Disney's stock "might as well believe in Mickey Mouse and Donald Duck."

At the end of the day, it is possible that even Apple's CEO Tim Cook and Disney's CEO Bob Iger aren't open to a merger in the first place.

"The only thing that's really accomplished by this kind of speculation?" Cramer said. "The short-sellers will be afraid to bet against Disney's stock because of newfound fears of a takeover lurking. It really does put a bid underneath, simply because it was just too juicy to ignore."

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