Your numbers are way out. Disney has a market cap of $87B and that gets you Disney, Disney Theme Parks, ABC, ESPN, The Disney Channel, A+E, Lucasfilm, Industri

Your numbers are way out. Disney has a market cap of $87B and that gets you Disney, Disney Theme Parks, ABC, ESPN, The Disney Channel, A+E, Lucasfilm, Industrial Light and Magic, and a hell of a lot more to boot. News Corp has a market cap of $57B and that gets you 20th Century Fox, Fox, and a long list of international broadcasters and producers. Viacom has a market cap of $26B. Any of those gives you pretty much all the content you can shake a stick at in both TV and Film, as well as several broadcasting networks both in the US and globaly and a long list of other assets that would likely be packed up and sold off. Even accounting for a leveraged buy-out premium, Apple could buy either Disney, or News Corp and Viacom and instantly be one of the worlds biggest media companies.