Netflix shares began perking up Monday after a report from DealReporter suggested that Verizon is looking into acquiring the DVD and streaming service to kick-start a video offering of its own. News from Bloomberg on Tuesday morning further intensified the rumor, which arose less than week after Reuters reported that Verizon was planning to get into the Web video business by way of a deal with DVD kiosk operator Redbox. Netflix stock peaked in July around $300 per share but has since fallen significantly after a series of management decisions left it with nearly 1 million fewer customers.
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Netflix Price of Admission May Be Too Steep for Verizon
Posted by: Rachelle Dragani December 13, 2011 10:14 AMNetflix shares began perking up Monday after a report from DealReporter suggested that Verizon is looking into acquiring the DVD and streaming service to kick-start a video offering of its own. News from Bloomberg on Tuesday morning further intensified the rumor, which arose less than week after Reuters reported that Verizon was planning to get into the Web video business by way of a deal with DVD kiosk operator Redbox. Netflix stock peaked in July around $300 per share but has since fallen significantly after a series of management decisions left it with nearly 1 million fewer customers.