Marketplace®

Daily business news and economic stories

Icahn wants web video icon Netflix to sell itself

Investor Carl Icahn, who recently acquired 10 percent of Netflix, is pushing to put the whole company up for sale.

Investor Carl Icahn, who recently acquired 10 percent of Netflix, is pushing to put the whole company up for sale.

The move has been met with staunch opposition from Netflix CEO and founder Reed Hastings. But James McQuivey, a tech and media analyst with Forrester Research, says says a sale at this point makes sense.

“Netflix has reached kind of the end of the road,” according to McQuivey. McQuivey suggests companies like Amazon or Apple could use Netflix as away to lure customers into buying tablets and paid content. He says that as time goes by and other streaming services gain traction, Netflix will become less and less attractive to buyers.

Related Topics

Tagged as:

Latest Episodes

View All Shows
  • Marketplace
    19 hours ago
    25:48
  • Make Me Smart
    20 hours ago
    24:33
  • Marketplace Morning Report
    a day ago
    6:48
  • Marketplace Tech
    a day ago
    10:08
  • This Is Uncomfortable
    5 days ago
    4:41
  • Million Bazillion
    a month ago
    32:45