For many, Netflix’s iconic red banner is a comforting and familiar invitation to affordable escapism. Thanks to the service’s hours upon hours of streaming TV shows and movies at a manageable monthly price, it has become a daily entertainment fixture for many. But what would happen if the notoriously anti-monopolist company were to be purchased by a huge corporate conglomerate? According to financial expert Porter Bibb of Mediatech Capital, Netflix is ripe for the picking.
During an interview on Bloomberg’s “In the Loop” Friday, Bibb explained that a dangerous combination of Netflix’s enticing subscriber base — which just passed 50 million globally — and an increasingly competitive online marketplace has marked the company as a prime target for acquisition.
“I wouldn’t be shocked if (Chinese e-commerce giant) Alibaba, or Yahoo stepped up and instantly bought it,” Bibb said.
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