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Netflix Not Interested in Buying Hulu (NFLX)
According to a report in the Wall Street Journal, Netflix (NASDAQ:NFLX) hasn’t shown any interest in buying Hulu from its media owners News Corp (NASDAQ:NWSA), Disney (NYSE:DIS) and Comcast's (NASDAQ:CMCSA) NBC Universal. Many of the top Internet and TV distribution services expressed interest during phase one of the sale, according to sources, including Amazon (NASDAQ:AMZN), Google (NASDAQ:GOOG), Microsoft (NASDAQ:MSFT), Yahoo (NASDAQ:YHOO) and DirecTV (NYSE:DTV). According to one source, Hulu's controlling media owners haven't wanted to sell to Netflix either.Netflix is currently above its 50-day moving average (MA) of $254.66 and above its 200-day of $210.69. In the last five trading sessions, the 50-day MA has climbed 1.59% while the 200-day MA has risen 1.4%.
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Date Found: July 12, 2011
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