Netflix Spikes On Takeover Chatter

Netflix, Inc.(NASDAQ: NFLX) M&A chatter grew louder Friday. This time around, the purported interest is from Walt Disney Co(NYSE: DIS).

Earlier this year, Apple Inc. (NASDAQ: AAPL) was speculated to make a move for the streaming company. Although there was a spike in shares following the news, Wall Street brushed the rumor aside.

However, the speculation is not without merit. With a deal, Apple could find an easy way to stardom in the crowded video streaming market.

Netflix has seen its shares sag this year after a stellar run for much of 2015. Netflix is pressured due to slowing international subscription growth and the competitive threat posed by Amazon.com, Inc. (NASDAQ: AMZN).

Netflix closed at $98.55, up 2 percent on the day.