Technology News
English Edition

Netflix moves to block a hostile takeover

By Associated Press | Updated: 6 November 2012 11:12 IST
Netflix moves to block a hostile takeover
Click Here to Add Gadgets360 As A Trusted Source As A Preferred Source On Google
Advertisement
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.

The Los Gatos, Calif., company said Monday that it has adopted a shareholder rights plan.

Icahn disclosed his stake in Netflix Wednesday.

VoltOnline Video Company Discussion
Explore More...

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.

Netflix Inc. says its plan isn't intended to interfere with a transaction that's approved by its board.

Shares are down 99 cents to $75.91 in morning trading.

Comments

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.

Further reading: online video company, Netflix
TRAI sets cap of 100 messages a day at concessional rates
Microsoft to replace Windows Live Messenger with Skype: Report
Netflix moves to block a hostile takeover
Comment
Facebook Gadgets360 Twitter Share Tweet Snapchat LinkedIn Reddit Comment google-newsGoogle News

Advertisement

Featured
Follow Us
Latest Videos
More Videos
Tech News in Hindi
More Technology News in Hindi

Advertisement

Popular on Gadgets
Latest Gadgets
Popular Mobile Brands
#Trending Stories
  1. Vodafone Idea (Vi) Launches Four Voice-Only Prepaid Plans in India
  2. Google Gemini Personal Avatars: How to Create, Share and Delete Them
  3. Oppo Reno 17F 5G Receives NBTC Nod Ahead of Global Launch
  4. Binance Faces Historic Crypto Hack as Market Fallout Unfolds
  5. Motorola Signature 27 Launch Date Set for November 5
#Latest Stories
  1. AU Small Finance Bank Investigates Potential Leak; Vijay Sales Systems Allegedly Offered for Sale
  2. Assassin's Creed Valhalla, Black Flag Resynced Get New Game+; Ubisoft Shares Update on Assassin's Creed Hexe
  3. North Korea’s Lazarus Group Linked to Alleged $6.3 Billion Binance Hack
  4. Samsung's Galaxy Glasses to Launch in Select Markets in December: Report
  5. Google Gemini Personal Avatars: How to Create, Share and Delete Them
  6. Binance Faces Historic Crypto Hack as Emergency Response and Market Fallout Unfold
  7. Canva’s New Vision-Language Model Lets You Edit, Refine Designs Using Prompts With Lower Editing Costs
  8. Nothing Announces 2027 Product Roadmap, Plans to Launch Over Twice as Many Smartphones Next Year
  9. Android 16 Leads With 25.4 Percent Share as Android 17 Adoption Remains at 1 Percent: Report
  10. Vivo X500, Vivo X500 Pro and X500 Pro Max Reportedly Receive BIS Certification Ahead of India Launch
Gadgets 360 is available in
Follow Us
Download Our Apps
App Store App Store
Available in Hindi
App Store
© Copyright Red Pixels Ventures Limited 2026. All rights reserved.
Trending Products »
Latest Tech News »