Deals
Netflix Rises on Takeover Speculation Ahead of Earnings
- Stock has been volatile around earnings reports, analyst says
- Company’s subscriber growth missed forecasts in second quarter
Is Netflix the Next Takeover Target?
This article is for subscribers only.
Netflix Inc. rose to its highest since May as investors speculated the online video service could be a takeover target ahead of quarterly earnings scheduled for release in two weeks.
Shares of the world’s largest paid online TV network rose as much as 4.9 percent to $103.39 in New York, their highest since May 31. The stock was down 14 percent this year through Sept. 30.