Tuesday, December 13, 2011

RUMOR: VERIZON TO BUY NETFLIX


Netflix's share price has soared on a rumor that Verizon is in talks with the video company to acquire them. DealReporter is making the claim and is backing it up with some circumstantial evidence.

Last week, Verizon CEO Lowell McAdam said that his company wants to offer video streaming, and had even looked at Hulu when it was on the block. He declined to comment on reports Verizon is preparing to team up with Coinstar’s Redbox.

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