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Verizon Considering Purchase of Netflix 139

Posted by Soulskill
from the shark-going-after-the-wounded-fish dept.
schwit1 writes "Shares of Netflix soared more than 6% Monday on a report that Verizon Communications 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."
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Verizon Considering Purchase of Netflix

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  • by Anonymous Coward on Monday December 12, 2011 @07:48PM (#38349800)

    OP here: I never claimed Netflix was nickel and diming, though some of the squeakier wheels seem to think so. As someone only halfway through a Verizon contract, I can say with confidence that those guys are the absolute freakin worst, lading up all their phones with crapware that do what free apps do, but worse, and with monthly fees on top of it.

"We don't care. We don't have to. We're the Phone Company."