Cramer: Why Shouldn't Microsoft BUY Netflix? LINKED
Real Money The Street 4/3/13
Cramer: Why Shouldn't Microsoft Buy Netflix?
By Jim Cramer 04/03/13 - 08:15 AM EDT
NEW YORK (Real Money) -- Why shouldn't Microsoft (MSFT) buy Netflix (NFLX)? That's what I keep coming back to, even after reading Rocco Pendola's excellent riposte against my suggestion the other day about a potential merger that would make fortunes for Netflix owners (as if the plus-100% first quarter wasn'tenough) and let Microsoft CEO Steve Ballmer get his groove back -- that is, if he ever had one. (He did, I was in college with him!)
He did say this could happen first: "Now, given that Netflix was up 100% in the first quarter, I believe it can come down. And if it wants to stay independent, it should do a monster equity offering that would help it refinance the debt on its own."