Netflix stock tumbles after Apple exec says mega-acquisition unlikely

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Netflix shares dropped more than 3 percent in trading Monday, after Apple executive Eddy Cue said his company was generally not in favor of mega-acquisitions, dashing cold water on persistent rumors that Apple might buy Netflix or the Walt Disney Company. “Both Netflix and Disney are great partners of ours,” Cue said onstage at the South by Southwest conference in Austin, Texas. “Generally the history of Apple — we have not made huge acquisitions. The reason why...

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