AfterDawn: Tech news

Microsoft to buy Netflix?

Written by James Delahunty @ 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.

Previous Next  

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.

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!

Comments have been disabled for this article.

Latest news

Roomba Combo j7+ review - Clever trick allows robot vacuum finally to tackle home with rugs and carpets Roomba Combo j7+ review - Clever trick allows robot vacuum finally to tackle home with rugs and carpets (06 Jun 2023 9:19)
Roomba Combo j7+ is the very first Roomba model to combine robot vacuum with mopping features. And Roomba Combo j7+ does all that with a very clever trick, which tackles the problem with mopping and carpets. But is it any good? We found out.
Neato, the robot vacuum company, ends its operations Neato, the robot vacuum company, ends its operations (02 May 2023 3:38)
Neato Robotics has ceased its operations. American robot vacuum pioneer founded in 2005 has finally called it quits and company will cease its operations and sales. Only a skeleton crew will remain who will keep the servers running until 2028.
5 user comments
How to Send Messages to Yourself on WhatsApp How to Send Messages to Yourself on WhatsApp (20 Mar 2023 1:25)
The world's most popular messaging platform, Meta-owned WhatsApp has enabled sending messages to yourself. While at first, this might seem like an odd feature, it can be very useful in a lot of situations. ....
18 user comments
How to Enable Bluetooth on Stadia Controller How to Enable Bluetooth on Stadia Controller (11 Feb 2023 1:04)
Google shut down its streaming game service Stadia late last month and this means that some people have Stadia controllers lying around that seem to be of no use. That is fortunately not the ....
2 user comments
Guide: How to Kick Unwanted Guests from Your Netflix Account Guide: How to Kick Unwanted Guests from Your Netflix Account (26 Jan 2023 2:14)
Sharing a Netflix account with a person in a different location is possible and indeed very common, although the company doesn't necessarily enjoy this behavior from their customers. However, ....

News archive