Netflix stock jumps up 13 percent over Microsoft buyout rumors
What happened? Forbes reports that the stock price most likely went up due to rumors that Microsoft might be in acquisition talks with Netflix. Those rumors actually started earlier this month, when it was announced that Netflix CEO Reed Hastings would not seek another term on Microsoft's board of directors.
However, there is no real evidence that Microsoft is in any kind of buyout talks with Netflix. For the moment, it seems that the sharp spike in Netflix's stock price was based mostly on pure speculation by stock traders rather than any kind of inside information.
Netflix recently announced its Windows 8 app, and the company said that they designed the app to take advantage of the graphics acceleration features that can be found in Windows 8-based hardware. We will be posting an interview with a Netflix public relations rep about the company's Windows 8 app later this weekend.
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Related Forum: PC General Forum
Source: http://www.neowin.net/news/netflix-stock-jumps-up-13-percent-over-microsoft-buyout-rumors
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Comments
ImNotPhlegmAnymoreOKPosted:
Good thing, they messed up with the thing before, when they made 2 services. LOL what a fail.
OrigamoPosted:
It would be great if Microsoft bought Netflix and included it with Xbox Live gold subscriptions, or offered a discount.
TTG-JasonVPosted:
Here be a comment that I know not of what it reads.
I don't know or have any good information about this although I hope Microsoft taking control will lead to cool new features on the Xbox app because I use it often.
I don't know or have any good information about this although I hope Microsoft taking control will lead to cool new features on the Xbox app because I use it often.
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