DAalseth
The very last bit is what is most important:
…nor does it have anything Apple especially needs.
That is the long and short of it. The two companies can work together, use each other’s strengths, but that doesn’t mean one has to acquire the other. It reminds me of the people squawking about how Apple needed to buy Peloton. There was nothing that Peloton had that Apple needed, and supporting all the Peloton legacy equipment was a headache that Apple didn’t need. Apple can get access to all the Disney stuff they need, the two companies have a good working relationship. But running the theme parks, and Disney Merch stores, and all the rest is a headache that Apple does not need.