Reed Hastings Dispels Ideas Of Future Mergers Or Acquisitions With Netflix
Netflix CEO Reed Hastings has no intention of getting into the mergers-and-acquisition market.
During a webcast, Hastings said in the past they have only made a few minor acquisitions.
According to Business Insider, the CEO said investors don’t have to worry about that.
He said Netflix has “no big appetite, no big need” merge or acquire anything at the moment.
A major acquisition in the entertainment industry involved Disney purchasing 21st Century Fox.