Rumor: Amazon buys Netflix
Posted on Thu, 7 Jun 2007 07:10:00 CDT | by Luigi Lugmayr
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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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Back to I4U News FrontpagePosted on Thu, 7 Jun 2007 07:10:00 CDT | by Luigi Lugmayr
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