Netflix Stock Gets a Boost from Microsoft Acquisition Rumors

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News Posted: Sun, Oct 28 2012 11:17 AM
Netflix investors are apparently keen on the idea of a Microsoft takeover. How so? Following online chatter that Microsoft may be making a move to acquire the video streaming and DVD-by-mail rental service, shares of Netflix jumped by more than 13 percent. The spike in share price, which sits at $69.58 heading into the work week, comes less than a week after Netflix announced its Q3 financial results, which wasn't all that impressive to Wall Street.

In an attempt to trace the acquisition rumor back to its roots, Forbes says it likely began when Netflix CEO Reed Hastings stepped down from Microsoft's board of directors. After all, if Microsoft was truly contemplating a bid, it wouldn't want Hastings within earshot. Then again, there are a number of other reasons that could explain his stepping down, such as Microsoft's increasingly competitive position in the streaming media space with Xbox Live. It should also be noted that Hastings is on Facebook's board of directors, so it's not like he has a ton of free time on his hands in the first place.

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It remains to be seen if Microsoft will actually go through with this, but if that's the plan, now might be the best time to strike a deal. Even after jumping 13 percent, Netflix stock is still well below its highest price in 2012, which hovered around $130 back in February. In addition, Microsoft has been aggressively pushing the Xbox 360 platform as a media centric entertainment device, not simply a game console, and Netflix's business model plays right into that.
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3vi1 replied on Sun, Oct 28 2012 11:58 AM

Dear Netflix,

You benefit greatly from using Linux on the server side. You also have locked-down clients available in ChromeOS and on Roku devices: both of which are running Linux.

Since you've already created a Linux client, please release it so that we can use it. We don't demand it be open-sourced or anything like that. It won't help piracy, because we can already rip the movies via a VM if that's what we wanted to do. It will just make things easier for those of us that pay for your service and run Linux on our desktops.

This needs to be done before Microsoft buys you, or we don't have a chance in hell.

Thank you.

What part of "Ph'nglui mglw'nafh Cthulhu R'lyeh wgah'nagl fhtagn" don't you understand?

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Atticus14 replied on Mon, Oct 29 2012 12:40 AM

Better get an xbox live gold sub - for your PC

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3vi1 replied on Mon, Oct 29 2012 12:22 PM

I also have a PS3... where you don't need the subscription. I can't believe MS did that on the 360... that's such a money-grab.

What part of "Ph'nglui mglw'nafh Cthulhu R'lyeh wgah'nagl fhtagn" don't you understand?

++++++++++++[>++++>+++++++++>+++>+<<<<-]>+++.>++++++++++.-------------.+++.>---.>--.

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