Today's Netflix (NFLX) Rumors are 100% Garbage
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Today's Netflix (Nasdaq: NFLX) takeover rumors may be as good as some of the B-movies playing on the service... Junk.
Driving today's action in the stock is a report from Bloomberg citing Porter Bibb, of Mediatech Capital, who said Verizon (NYSE: VZ) is "very serious" about a bid for Netflix.
"I am hearing rumblings from inside Verizon that they are very serious about either Netflix or something similar," Bibb said.
For those that don't remember, about one year ago Mr. Bibb said the same things about Sony buying IMAX (Nasdaq: IMAX). "I can confirm that both Sony and Disney are in serious talks with IMAX about a takeover, probably at $40 per share or more," Bibb was quoted as saying.
Needless to say, these Porter Bibb rumors were 100% bunk. We would imagine today's rumors about Netflix are just as credible.
Driving today's action in the stock is a report from Bloomberg citing Porter Bibb, of Mediatech Capital, who said Verizon (NYSE: VZ) is "very serious" about a bid for Netflix.
"I am hearing rumblings from inside Verizon that they are very serious about either Netflix or something similar," Bibb said.
For those that don't remember, about one year ago Mr. Bibb said the same things about Sony buying IMAX (Nasdaq: IMAX). "I can confirm that both Sony and Disney are in serious talks with IMAX about a takeover, probably at $40 per share or more," Bibb was quoted as saying.
Needless to say, these Porter Bibb rumors were 100% bunk. We would imagine today's rumors about Netflix are just as credible.
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