It is only a guess from Pachter. Nothing more than that. However, we shorts have known for many months now about the big bubble that is NFLX which has some real looming debts(2 billion in off balance sheet debts) in addition to rising renewal content costs (E.G. Starz) that NFLX management can't afford to pay.
I would not be surprised if NFLX mgt. wanted to sell its business because "the cat is out of the bag" about NFLX's broken business model. Even Wall St. knows now that the high growth days with NFLX are over.
That analyst is a long term NFLX bear. He's upgrading his price targets, insisting emphatically that an AMZN buyout is in the works. I think he is right it all makes sense now. Why else would Netflix pick that crappy name Qwikster and rapidly divest the DVD business? They're not morons after all... !
Wedbush (NFLX Analyst Bear): "Upon reflection, it appears to us that the driver for the separation of Netflix into two businesses...was to position the streaming business for sale to Amazon.com (AMZN). In our view, Amazon has always wanted to be in the streaming business, and has been constrained from buying Netflix due to tax considerations. The split up of Netflix's business addresses the state sales tax issues raised for Amazon"