27003134 story Verizon Considering Purchase of Netflix 139 Posted by Soulskill on Monday December 12, 2011 @06:35PM 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."