Google parent should buy AIG: An ‘audacious’ idea from Citigroup
February 16, 2016 by SONALI BASAK
(Bloomberg) — It’s an “audacious” idea, and Citigroup Inc. acknowledges as much.
Google’s parent, Alphabet Inc., should buy American International Group Inc. (AIG) to expand into financial services, and turn the insurer into a laboratory for innovation, the New York- based bank’s analysts said in a note Monday.
“We realize it is a very low-probability event, while maintaining that it is still a very good idea,” analysts led by Todd Bault wrote. “There is a perfect convergence of reasons why it might be exactly what AIG and the insurance industry needs. And the tech community could help solve what could well be one of the most challenging problems it could tackle.” Click HERE to read more…