Slashdot stories can be listened to in audio form via an RSS feed, as read by our own robotic overlord.

 



Forgot your password?
typodupeerror

Slashdot videos: Now with more Slashdot!

  • View

  • Discuss

  • Share

We've improved Slashdot's video section; now you can view our video interviews, product close-ups and site visits with all the usual Slashdot options to comment, share, etc. No more walled garden! It's a work in progress -- we hope you'll check it out (Learn more about the recent updates).

×
Movies

+ - Verizon Mulling Netflix Buy->

Submitted by schwit1
schwit1 (797399) writes "Shares of Netflix (NFLX) soared more than 6% Monday on a report that Verizon Communications (VZ) is considering buying the troubled movie renter.

Verizon is reportedly evaluating whether a purchase of Netflix could provide an entry into the video delivery business, DealReporter said, citing a source close to the matter.

The news comes as Netflix continues to struggle from a series of missteps earlier this year when it raised subscription prices and separated its DVD-by-mail service and streaming.

Netflix’s stock price plunged to a new 52-week low two weeks ago when the company warned it would fall to a loss in 2012 if it failed to boost its bruised customer base."

Link to Original Source
This discussion was created for logged-in users only, but now has been archived. No new comments can be posted.

Verizon Mulling Netflix Buy

Comments Filter:

Any program which runs right is obsolete.

Working...