- Media Tech Capital Partners’ Porter Bibb thinks Microsoft (NASDAQ:MSFT) will try to buy Netflix (NASDAQ:NFLX) to get into streaming without having to directly acquire content.
- Bibb doesn’t offer a timeline for when this deal could happen.
- Netflix says it expects to have $7.5B to $8B of content expenses this year, which some analysts think could lead to a deal with the cash rich Microsoft.
- Microsoft shares are down 0.5% to $95.70.
- Netflix shares are mostly flat at $326.10.
Analyst suggests Microsoft will buy Netflix for content access
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| Symbol | Last Price | % Chg |
|---|---|---|
| MSFT | - | - |
| Microsoft Corporation | ||