Netflix stock jumps up 13 percent over Microsoft buyout rumors

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The Netflix movie and TV streaming service has taken its fair share of jumps in terms of its stock price over the past year or so. Today, the company got an unexpected, if perhaps temporary, piece of good news as its shares were boosted by over 13 percent in trading today.

What happened? Forbes reports that the stock price most likely went up due to rumors that Microsoft might be in acquisition talks with Netflix. Those rumors actually started earlier this month, when it was announced that Netflix CEO Reed Hastings would not seek another term on Microsoft's board of directors.

However, there is no real evidence that Microsoft is in any kind of buyout talks with Netflix. For the moment, it seems that the sharp spike in Netflix's stock price was based mostly on pure speculation by stock traders rather than any kind of inside information.

Netflix recently announced its Windows 8 app, and the company said that they designed the app to take advantage of the graphics acceleration features that can be found in Windows 8-based hardware. We will be posting an interview with a Netflix public relations rep about the company's Windows 8 app later this weekend.

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Related Forum: PC General Forum

Source: http://www.neowin.net/news/netflix-stock-jumps-up-13-percent-over-microsoft-buyout-rumors

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"Netflix stock jumps up 13 percent over Microsoft buyout rumors" :: Login/Create an Account :: 27 comments

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ViewBotsPosted:

Netflix is making alot of money through Consoles not just through PC's. Nintendo's, Sony, and Microsoft are a big part of Netflix's Income.

GrownPosted:

netflix is awful i do not like it at all.

metzfan08Posted:

I saw the picture for this article and was pumped because i thought pineapple express would be on netflix...its not

PromisePosted:

I dont really care about netflix. They never updte it. The movies have been up there for months and its annoying watching th same movies over and over.

L33t-Ninja-MuchPosted:

MoDOT Just to prove netflix sucks.
Look at that picture NEW ARRIVALS: movies from 2+ years ago I hate them they never update there s**t so i stopped paying for it.


yea this is true because its bad lol

-McCunePosted:

To be honest, I'm not surprised.

UnbindPosted:

This doesn't surprise me, netflix is amazing

ProxiesPosted:

Not surprised. I love Netflix. :)

SmurfsPosted:

WHU I really don't like Netflix.


What don't you like about it? I love it.

SandStormPosted:

WHU I really don't like Netflix.


Netflix is the best