Netflix shares were up as much as 11 percent to an all-time high of $119.50 on Thursday after tripling in the past year. They closed trading at $110.01, a gain of about 2 percent. Amazon (NASDAQ:AMZN) takeover talk is nothing new at Netflix (NASDAQ:NFLX) and analysts weren’t putting much stock in the latest round of rumors.
Needham & Co. analyst Charles Wolf was among those. He told the Wall Street Journal, “I’d never say never, but I would say such an acquisition doesn’t make sense, at least from Amazon’s perspective.”
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Read more: Amazon takeover talk boosts Netflix – Silicon Valley / San Jose Business Journal:
