UPDATE: Leon Cooperman Exits Neflix (NFLX) Stake, Says Someone Will Buy Them - CNBC

August 31, 2016 12:22 PM EDT

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(Updated - August 31, 2016 12:23 PM EDT)

Leon Cooperman tells CNBC he exited Netflix (NASDAQ: NFLX) position for "no particular reason", says he's "doing other things."

Cooperman added that he sees Netflix as a takeover target for someone.

"I think ultimately Netflix is going to work, but I think somebody buys the company at a nice premium," he said.

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