Verizon Communications Inc., the second-largest U.S. phone company, is “very serious” about a bid to acquire online movie provider Netflix Inc., an investment banker said.
Verizon may kick off a bidding war for streaming-video pioneer Netflix that could result in a sale by Easter for about $4.6 billion, said Porter Bibb, managing partner at Mediatech Capital, in a television interview yesterday on “Bloomberg West,” citing unnamed people within Verizon.
