HardOCP News
[H] News
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- Dec 31, 1969
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After what we've seen out of Netflix over the last year, I'm not so sure a hostile takeover would be a bad thing.
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. 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.