CEO Reed Hastings Grateful Netflix Wasn’t Purchased By ‘Big Gorilla’ Blockbuster

Some may not know or remember it now, but there was a time when Netflix consisted solely of a DVD-by-mail service and was very close to being bought by the now all but entirely defunct Blockbuster Video. However, following the monumental success the company found through streaming, CEO Reed Hastings is grateful that a proposed deal between the two video rental companies never panned out.

Hastings, who helped co-found Netflix in 1997, discussed the one time plan to sell Netflix for $50…

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