Is Apple (AAPL) Planning a Takeover of Netflix (NFLX)?
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Netflix, Inc. (NASDAQ: NFLX) is back on the move Thursday - bucking a downgrade from Caris & Co. - as investors instead focus on the recent Disney (NYSE: DIS) deal and speculate on a major development in the works... an Apple (Nasdaq: AAPL) takeover.
That's right. Rumors of a Apple takeover of Netflix coincides with comments from Apple CEO Tim Cook today that the TV is an area of 'intense interest.'
Cook was quoted as saying: "When I go into my living room and turn on the TV, I feel like I have gone backwards in time by 20 to 30 years...It's an area of intense interest. I can't say more than that."
So what does this have to do with Netflix?
As proven by the latest Disney deal, Netflix has the content that Apple needs to make a TV successful. The holy grail in TV would be to get rid of the cable box middle man and pipe all your favorite shows, movies, etc right to your TV. Netflix could help Apple make this happen.
BTW - Disney CEO Robert Iger sits on Apple's board and you know the conversation about Netflix has come up.
With activist investor Carl Icahn pushing Netflix on one end and Iger pushing Apple on the other, a takeover deal between Apple and Netflix is a reality.
Shares of Netflix are up 4.7 percent today to $87.30.
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That's right. Rumors of a Apple takeover of Netflix coincides with comments from Apple CEO Tim Cook today that the TV is an area of 'intense interest.'
Cook was quoted as saying: "When I go into my living room and turn on the TV, I feel like I have gone backwards in time by 20 to 30 years...It's an area of intense interest. I can't say more than that."
So what does this have to do with Netflix?
As proven by the latest Disney deal, Netflix has the content that Apple needs to make a TV successful. The holy grail in TV would be to get rid of the cable box middle man and pipe all your favorite shows, movies, etc right to your TV. Netflix could help Apple make this happen.
BTW - Disney CEO Robert Iger sits on Apple's board and you know the conversation about Netflix has come up.
With activist investor Carl Icahn pushing Netflix on one end and Iger pushing Apple on the other, a takeover deal between Apple and Netflix is a reality.
Shares of Netflix are up 4.7 percent today to $87.30.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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