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Reuters
Published
Aug 6, 2016
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Alibaba says it is not making an investment in Netflix

By
Reuters
Published
Aug 6, 2016

Alibaba Group Holding Inc is not making an investment in Netflix Inc, according a statement made last week.


Alibaba is not buying Netflix, says spokesperson


Alibaba spokesman Bob Christie, knocked the rumour on the head, according to a Reuters report on Friday. Christie was responding to market talk about a possible deal between the Chinese e-commerce company and the U.S. video service.

Meanwhile, an Alibaba spokesperson told MarketWatch in a separate phone call "we are not preparing any investment into Netflix."

Netflix also confirmed the talk to MarketWatch as ill-spoken, saying it doesn't comment on rumorus or speculation but that it has been "pretty clear about China and [its] long-term goals there." 

Shares of Netflix traded up nearly 4% on Friday after the report surfaced, closing around $97.03.



 

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