Three US companies are hoarding the most cash
Apple was reportedly considering buying media giant Time-Warner late last year, which would've given it a huge content business including media brands like CNN and HBO. It also would've cost at least $60 billion, which is Time-Warner's current market capitalization.
But Apple could easily have afforded it with plenty of money left over. As this chart from Statista shows, Apple had more than $200 billion in cash and marketable securities at the end of 2015, more than any other U.S. company. A lot of other tech companies also have billions stashed away, including Microsoft, Google, Cisco, and Oracle.
Most of this cash is stored overseas, and buying a US company like Time-Warner could have meant a pretty big tax bill, but there's no question that Apple could make huge splashy acquisitions like this if it wants to.
Statista
- Stock markets stage strong rebound after 4 days of slump; Sensex rallies 599 pts
- Sustainable Transportation Alternatives
- 10 Foods you should avoid eating when in stress
- 8 Lesser-known places to visit near Nainital
- World Liver Day 2024: 10 Foods that are necessary for a healthy liver