Netflix (NFLX) Higher as Piper's Munster Highlights as Target for Yahoo! (YHOO)

January 4, 2012 1:34 PM EST
Netflix (Nasdaq: NFLX) is making a strong move higher today, which might actually be related to Yahoo! (Nasdaq: YHOO) grabbing Scott Thompson from eBay's (Nasdaq: EBAY) PayPal as its new CEO.

Following the announcement, and on the subsequent conference call, Piper Jaffray analyst Gene Munster appeared on CNBC to give some thoughts. One key takeaway that investors might be focusing on, as Munster said, is Thompson alluding a lot to expanding Yahoo!'s "content" universe, getting more content for users that are on the site.

He hinted that this might mean Yahoo! could make a move for Netflix in an effort to broaden it's offerings in terms of content.

We're not sure this sort of rumor has been floated before; most analysts and investors have focused more on Google (Nasdaq: GOOG) or Amazon (Nasdaq: AMZN) acquiring Netflix.

Munster did note that Netflix currently has a market cap of $4 billion, to Yahoo!'s $19 billion, though he didn't allude to Yahoo!'s current cash and equivalents balance or whether Yahoo! might shed assets before making a move. He didn't say Yahoo! could get Netflix "on the cheap" right now, hinting that time was of the essence.

Shares of Netflix are up 6 percent, coming off of days' highs, while Yahoo! is 2.7 percent lower Wednesday.


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