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Netflix stock up on Disney takeover rumors

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Netflix stock up on Disney takeover rumors

NetflixInc. stock on Oct. 3 climbed more than 4% following speculationsthat Walt Disney Co. mightbe interested in buying the streaming giant, MarketWatch reported the same day.

A Disney spokeswoman was not available forcomment, while Netflix declined to comment on the matter, according to thereport.

R.W. Baird analyst William Power reportedly said in aresearch note to clients that while Netflix could become a potentialacquisition target for "Disney, Apple [Inc.] or someone else," the timing of apossible deal would be tough to call.

Disney is also rumored to be weighing a to buy