Breaking Finance News

BREAKING- Benzinga Reporting Possible Apple Interest in Netflix

UPDATE: Benzinga changed the post to read, “Netflix Shares Moving Higher as Unreliable Source Touting Stale Rumor of Netflix/Apple Chatter”

UPDATE: Shares of Netflix moving slightly higher on the news.

At 1:30 p.m. EDT, Benzinga posted the following on its news feed:

“Hearing Vague Unconfirmed Market Chatter of Possible Apple Interest in Netflix”

Apple (NASDAQ: AAPL) has made two recent acquisitions in order to straighten it’s mapping app. The company purchased HopStop and Locationary. Insiders believe that Apple is interested in the personnel as much as as the platforms. Netflix (NASDQ: NFLX), with a market cap of $13.78 billion, would be a large acquisition but would only cost Apple about one-tenth of its cash pile.

Breaking finance News will stay on top of this story and update it if any more details come available.

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Disclosure: At the time of this writing, the author had no position in the company mentioned.

 

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