Amazon Buying Netflix? Rumors Swirl Again, but It’s an Unlikely Deal
Some rumors never die on Wall Street. And an acquisition of Web-based video rental company Netflix (NFLX) by Amazon.com (AMZN) is one of them. Talk of a linkup-in-the-making circulated again on Tuesday, leading to heavy volume in January call options for Netflix shares. But unlike the merger speculation last summer that led to a 6% spike in Netflix shares, the stock remained virtually unchanged during afternoon trading Tuesday. The market seems more skeptical of the chatter this time around — and for good reason.
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Amazon Buying Netflix? Rumors Swirl Again, but It’s an Unlikely Deal originally appeared on DailyFinance on Tue, 22 Dec 2009 16:09:00.
Filed Under: Company News, Technology, Media, Netflix, Amazon.com Inc.