Best Buy About To Buy Netflix?

Rumor has it that Best Buy may be buying Netflix for $44/share! This after Netflix's share price closed up 6% Friday on higher-than-normal trading volume. The infamous Henry Blodget thinks this would make sense given Netflix is number one in the digital download and mail-order subscription businesses. Best Buy could leverage this by selling Netflix subscriptions to those who purchase DVD players or HDTV's, Netflix would reduce its marketing costs, and the two combined would have alot of pull when negotiating partnerships/deals with other companies. Just remember, Blodget is rather famous for making such assumptions. I'll guess we'll have to wait and see.

Via Silicon Alley Insider

Read More in: General News

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