Disney puede salvar a Nintendo, por 19.000 millones de dólares

Hola a todos!!!

Lo siento sólo idioma inglés:



Everyone had always assumed that Disney was going to buy Pixar.

During one of my regular business chats with my father, who is a retired CEO, I predicted that Pixar was going to buy Disney and turn the company around. The value worked better going the other way. While Disney needed the magic of Pixar at that point in the company's life, Pixar didn't exactly need Disney.

My father was incredulous but, when Disney bought Pixar in 2006, I called my Dad with the news. Because holy shit, I had called it.

"As part of the deal, expected to be completed this summer, two Pixar veterans will head Disney's animation efforts. Ed Catmull, who had served as Pixar's president, was named president of the combined Pixar and Disney Animation Studios," CNET reported. "John Lasseter, the Pixar executive vice president who is widely regarded as the studio's creative leader, was named chief creative officer. Pixar will remain in its San Francisco Bay Area headquarters. "

It gets better!

"Though Disney is issuing $7.4 billion worth of stock, it's paying closer to $6.3 billion after factoring in Pixar's cash holdings of slightly more than $1 billion," the story said. "Pixar shareholders will receive 2.3 Disney shares for every Pixar share they own, a move that will make Jobs the largest individual shareholder of Disney."

Pixar won in every important way in that deal, from the cash to the power. So today I’m making a new prediction: Disney’s next acquisition will be Nintendo.

THIS WOULD BE EXPENSIVE

Nintendo would be Disney’s second priciest intellectual property grab to date. A fairly straightforward way to ballpark a company’s worth is to multiply their net revenue by three to four times. This puts Nintendo somewhere in the neighborhood of a $11 to $22 billion buyout based on the numbers of fiscal 2014

This is the lowest it would cost to buy Nintendo in seven years, since the company is in a slump and bleeding cash. If Disney were to buy the company, this is the time. Things are looking up for Nintendo in some ways, but coming off a long stretch of losses and struggling hardware sales there's only so much big games can do to help the company. Nintendo is at a historic weak point, making the company very attractive for acquisition at a good price.

It would still cost a ton of money. To put the $19 billion-ish price into an easy to digest number, buying Nintendo would cost Disney more money than they paid for Pixar, Star Wars and Marvel, combined. It’s a huge purchase, unless you’re Disney.

Disney’s current Net Worth is hovering around the $142 billion mark, and the profit they made from the last two fiscal years would allow them to buy Nintendo with cash, if it came to that. And it wouldn’t.

The last time Disney made an acquisition this size was when they paid $19 billion for ABC in 1996. With inflation, that purchase would have cost about $29 billion today. Disney is no stranger to huge, ambitious acquisitions.

Disney — using the same game plan they used for Pixar, Marvel, and Star Wars — could recoup that cost within five years. The secret is that Disney wouldn't be investing in the video game business, they would be furthering their already near monopoly on characters.

http://www.polygon.com/2014/11/21/7259147/disney-nintendo-acquisition