Rumor: Amazon buys Netflix

Jun 7 2007, 7:10am CDT | by Luigi Lugmayr

Shares of Netflix Inc. jumped Wednesday because of a rumor that Amazon.com Inc. would buy the DVD rental service.

Analysts expect that Amazon would have to pay about $1.5 billion for Netflix.Netflix and Blockbuster are battling hard for leadership in the DVD rental by mail business.
Amazon and Netflix combined would be a tough nut to crack for Blockbuster.
Via this AP story on Yahoo!.

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Luigi Lugmayr
Luigi is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.