While it was natural to chalk up early reports that Disney might be interested to bankers trying to drum up business, people familiar with the company say the idea was a live one last week.
That doesn't mean it's going to live very long, since Wall Street immediately gave it a thumbs down.
But still: The fact that it was on the table suggests that Iger thinks his company, generally considered to be one of the best-run companies in the media world, needs a transformative jolt.
Remember that this is Disney we're talking about. The company with some of the best-loved characters and stories in the world — and that was before it bought Pixar, Marvel and Lucasfilm. The company that controls ESPN, which means it controls TV sports in the US. The company that can do business in China, when tech giants like Facebook and Google are stymied.