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Verizon ‘Very Serious’ About Making Bid for Netflix, Banker Says

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.