AfterDawn: Tech news

Microsoft to buy Netflix?

Written by James Delahunty (Google+) @ 27 Oct 2012 11:32 User comments (3)

Microsoft to buy Netflix? Rumor bumped Netflix shares on Friday.
The rumor can be linked to the recent decision by Netflix CEO Reed Hastings to step down from the board of directors at Microsoft. Essentially, the logic follows that if Microsoft was considering a serious bid for Netflix, then Reed Hastings could not be on the board whilst such discussions were under way.

Alternatively, however, Hastings may have stepped down for personal reasons, or might have found Microsoft's increase push into content as too competitive to stay on the board.

Microsoft has also made it company policy to acquire popular web services recently, paying a cool $8.5 billion for Skype last year, and we will all remember the multiple Yahoo takeover sagas that amounted to nothing. Microsoft can certainly afford Netflix, reportedly hoarding almost $69 billion in cash and investments.

We'll have to wait and see.

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3 user comments

127.10.2012 16:26

God lets hope they dont buy it. Netflix is great just the way it is. if m$ buys it.. the price will go up. content will be lost, and it will begin to fail. probebly lag really bad..

i will drop netflix if m$ buys it.


For Sale:

Parachute, Used Once, never opened small stain.
Best Offer!

228.10.2012 14:55

^^^^says a mac user probably <rolls eyes>^^^^



328.10.2012 19:44
Geowhe
Unverified new user

I certainly hope not everything they touch turns to crap!

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