Verizon bidding war for Netflix reports banker
Big red US carrier Verizon have hit the news today, in which may see them acquiring online movie subscription service Netflix. It seems the move to gain possession of Netflix could result in the bidding war ending in Easter with a figure of approximately $4.6 billion.
According to Bloomberg.com today, Managing Partner “Porter Bibb” at Mediatech Capital, has stated whilst taking part in a TV interview, that Verizon are serious about taking on the task of bidding for company Netflix, with Bibb saying, “I am hearing rumblings from inside Verizon that they are very serious about either Netflix or something similar.”
This could result in Verizon’s streaming video business taking off with flying colors, with the company being able to offer a service that outweighs the current Fios TV service. Analysts and investors are warming to Verizon’s idea, with Netflix stocks dropping to 75% since July, this has been put down to increasing prices that customers have to pay out.
What are your thoughts on Verizon bidding for Netflix? Are you yourself a Netflix customer, in which case you may have your views on their pricing structure?