Business · 1
Which company rejected an offer to buy Netflix in 2000, a decision widely cited as one of the costliest in business history?
Answer
Blockbuster
Blockbuster's leadership turned down the chance to purchase Netflix for $50 million in 2000, dismissing it as too small and unprofitable. The company filed for bankruptcy in 2010, while Netflix grew into a streaming giant valued at over $150 billion.
💡 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
- Walmart
- Hollywood Video
- Redbox
Topics
- blockbuster
- netflix
- business-strategy
- acquisitions
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