Business · 2
In 2000, Blockbuster was offered the chance to acquire Netflix for how much money?
Answer
$50 million
In 2000, Netflix co-founder Reed Hastings approached Blockbuster's CEO John Antioco with an offer to sell Netflix for $50 million. Blockbuster declined, viewing Netflix as a niche business with little threat to their video rental empire.
💡 Did you know?
Blockbuster had a chance to buy Netflix for $50 million in 2000 but rejected it. Netflix is now worth over $150 billion.
Other options people guess
- $500 million
- $10 million
- $200 million
Topics
- netflix
- blockbuster
- acquisitions
- streaming
- 1990s
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