Could Apple buy Disney? Probably not, but Barron's (in what's surely not an attempt to drum up controversy and circulation) published a piece speculating so. But just because Apple CEO Steve Jobs owns 7% of Disney doesn't mean he wants the rest. There are the obvious reasons:
No more NBC shows on iTunes
Worked out just peachy for AOL Time Warner, didn't it?
Apple's barely worth more than Disney
Disney owns the Muppets. Unfortunate Jobs-Grover resemblance
No more "Looney Tunes marathon" slumber parties with Jonathan Ive
Disney films need more sex in them