Netflix Says It’s Open to Acquisitions, Stays Mum on Rumored Targets [Variety]

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Netflix Says It’s Open to Acquisitions, Stays Mum on Rumored Targets [Variety]

By Andrew Wallenstein

April 16, 2018 | Don’t let Netflix’s quiet M&A track record fool you: The company is open to making the right deal, according to top execs who discussed that prospect in an appearance on the streaming service’s pre-taped discussion following its earnings report Monday.

Though the Los Gatos, Calif.-based company has made only one acquisition in its 20-year history — comic-book publishing company Millarworld — Netflix chief content officer Ted Sarandos signaled his interest. “In terms of using M&A to acquire intellectual property, it could be a very useful tool,” he said.

Read more on Variety.

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