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

Posted Dec 13, 2011

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]