In Bid for World Domination, Netflix Buys Twitter

LOS GATOS, California - Unless you've been living under a cave, Netflix needs no introduction. Without further ado, it has agreed to purchase the embattled-yet-powerful social media giant Twitter for approximately $29.688 billion, ending its turbulent run on Wall Street and bringing it under a more diverse corporate umbrella.

Netflix will pay $39 in cash for each share of Twitter and plans to finance the deal through borrowing - adding to an already-hefty debt load for the high-flying streamer. Yet Wall Street seems to lack concern over the deal - Netflix stock popped on the news. And with Netflix and Twitter being, quite possibly, two of the most powerful entities on Earth, the Los Gatos-based company isn't breaking a sweat.

"It's so close. We are so close now," said Netflix CEO Reed Hastings. "So close." Presumably, he was finally acknowledging Netflix's long-rumored, yet never confirmed desire for world domination. "Disney? Amazon? Kiss it!"

The deal is expected to easily earn regulatory clearance given the lack of overlap between Netflix and Twitter's business.


Sign In or Register to comment.