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      • True. Both Netflix co-founders document that they offered the company to Blockbuster for $50 million in 2000. Blockbuster declined, though its CEO denies that any serious discussions took place. Netflix is now worth about $231 billion.
      www.newsweek.com › fact-check-did-blockbuster-turn-down-chance-buy-netflix-50-million-1575557

      Fact Check: Did Blockbuster Turn Down Chance to Buy Netflix ...

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  3. www.newsweek.com › fact-check-did-blockbuster-turnFact Check: Did Blockbuster Turn Down Chance to Buy Netflix ...

    Mar 11, 2021 · A member of the Netflix communications team told Newsweek that Blockbuster declined to purchase Netflix for $50 million in 2000. In a March 2021 letter to shareholders, Netflix said the...

  4. fortune.com › 2023/04/14 › netflix-cofounder-marcNetflix cofounder recalls Blockbuster rejecting chance to pay ...

    Apr 14, 2023 · Blockbuster ‘laughed us out of the room,’ recalls Netflix cofounder on trying to sell company now worth over $150 billion for $50 million. BY Steve Mollman. April 14, 2023, 10:43 AM PDT....

  5. www.inc.com › minda-zetlin › netflix-blockbusterBlockbuster Could Have Bought Netflix for $50 Million, but ...

    Sep 20, 2019 · Needless to say, Blockbuster did not accept Netflix's offer or make a serious counter-offer.

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  7. www.todayifoundout.com › index › 2022The Truth About Blockbuster Turning Down Purchasing Netflix ...

    But, again, at the time, Netflix was losing about the same amount annually that they were offering to sell to Blockbuster for- $50 million. It’s also worth pointing out that that Netflix made this offer multiple times (whether they valued the company at $50 million each time isn’t clear) and were similarly turned down by Blockbuster with ...

  8. www.marketplace.org › 2020/09/08 › ceo-reed-hastings-on-CEO Reed Hastings on how Netflix beat Blockbuster

    Sep 8, 2020 · In early 2000, Netflix founders Reed Hastings and Marc Randolph offered to sell the company to Blockbuster for $50 million. Blockbuster turned them down. Eventually, Netflix triumphed over...

  9. finance.yahoo.com › news › blockbuster-laughed-usBlockbuster ‘laughed us out of the room,’ recalls Netflix ...

    Apr 16, 2023 · Blockbuster ‘laughed us out of the room,’ recalls Netflix cofounder on trying to sell company now worth over $150 billion for $50 million. Steve Mollman. Updated Sun, Apr 16, 2023, 12:51 PM 3...

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  10. fortune.com › 2024/03/08 › netflix-did-not-killNetflix didn't kill Blockbuster, insists former CEO James ...

    Mar 8, 2024 · Netflix didn't kill Blockbuster, insists former CEO James Keyes | Fortune. Success · Bankruptcy. Blockbuster’s ex-CEO, still plagued as ‘the guy that failed to keep up with technology’, insists...

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