Analyst Todd Bault of Citi made the suggestion that Alphabet (GOOG)(GOOGL) should purchase American International Group (AIG). The concept is intriguing in that Alphabet could use technology to modernize the insurance giant that trades 30% below book value, but the purchase of a company worth $65 billion and likely requiring up to $80 billion in a deal isn't going to happen. The concept is an intriguing way for Alphabet to use the cash hoard, but the only way it would work would be via a complete spinoff to existing shareholders or by making a relatively smaller purchase that is more manageable and not impactful to the financials of Alphabet. Either way, the market would likely prefer large dividends over an aggressive deal. Anybody agree with the Citi analyst? Disclosure: No position mentioned