Verizon Is “Serious” About Bidding On Netflix [RUMOR]

Verizon Communications Inc. (NYSE:VZ) is rumored to be “very serious” about making a bid on Netflix, Inc. (NASDAQ:NFLX) according to sources with Bloomberg. Verizon may end up causing a bidding war, which could potentially result in Netflix being sold for about $4.6 billion by Easter. Netflix currently has a market capitalization of $4.17 billion. Although I cannot imagine Verizon actually buying Netflix, it would be an interesting merger. [Bloomberg]

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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