Netflix Spikes on Reignited Takeover Talk
NEW YORK -- Netflix(NFLX) is spiking as rumors surface yet again that Amazon(AMZN) is interested in acquiring the company.
These rumors have surfaced many times over the last several years in regards to Netflix, most recently in January. Each time analysts have dismissed the claims.
"Amazon would not acquire Netflix for its by-mail business", Netflix has a terrific digital-streaming business, its library consists of mostly older films. It can't offer new releases as they are available because it is too expensive. It's a successful growth story, adding 1.7 million subscribers during the first quarter, its biggest gain in its 11-year history
These rumors have surfaced many times over the last several years in regards to Netflix, most recently in January. Each time analysts have dismissed the claims.
"Amazon would not acquire Netflix for its by-mail business", Netflix has a terrific digital-streaming business, its library consists of mostly older films. It can't offer new releases as they are available because it is too expensive. It's a successful growth story, adding 1.7 million subscribers during the first quarter, its biggest gain in its 11-year history
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