Today's Hard|Forum Post
Today's Hard|Forum Post

Monday November 05, 2012

Netflix Moves to Block a Hostile Takeover

After what we've seen out of Netflix over the last year, I'm not so sure a hostile takeover would be a bad thing.

Less than a week after activist investor Carl Icahn announced a 10 percent stake in Netflix, the online video company is moving to protect itself against hostile takeovers. Under the plan, rights are exercisable if a person or group acquires 10 percent of Netflix, or 20 percent in the case of institutional investors, in a deal not approved by the board.