You probably will not see a buyout. Other players seem to feel they can start their own competing service cheaper than purchasing NFLX. Unfortunately for NFLX, there seems to be an increasing number of companies offering these services. Long term, NFLX faces an uphill battle. They really had something before they went to online delivery, which anyone duplicate to some degree.
I'll bet you it WON'T happen. But, it would make sense since Google is getting into cable TV. They could bundle this with their super high speed internet. But buying NFLX just for Kansas City makes NO sense.
In the end, NFLX will still have trouble making money and will have to raise prices. Amazon will kill them.