Netflix Too Expensive Even for Apple to Buy, EMJ Capital President Says
Netflix is too expensive even for Apple to buy, wrote tech and media investor Eric Jackson, president of EMJ Capital, in a CNBC column Friday: Aside from the $94 billion market capitalization, founder Reed Hastings is likely particularly reluctant to…
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sell since Netflix "has reached escape velocity" as an over-the-top service with robust subscription growth globally. "Acquisition averse" Apple is more likely to start its own subscription VOD service, he said. Apple didn't comment.