Monday 27 March 2017

Alibaba rules out Netflix move

Peter Henderson

Signage for Alibaba Group Holding Ltd. covers the front facade of the New York Stock Exchange. Photo: Reuters
Signage for Alibaba Group Holding Ltd. covers the front facade of the New York Stock Exchange. Photo: Reuters

Alibaba Group is not making an investment in Netflix, Alibaba spokesman Bob Christie told Reuters on Friday.

Christie was responding to market rumors about a possible deal between the Chinese e-commerce company and the U.S. video service.

Reuters

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