Alibaba Debunks Unconfirmed Report of Bid to Buy Netflix

MarketWatch: Alibaba debunked an unconfirmed report that surfaced on Friday that it was preparing a potential bid for Netflix. “We are not preparing any investment into Netflix,” an Alibaba spokesperson said. Netflix said that it doesn’t comment on rumors or speculation but that it has been “pretty clear about China and [its] long-term goals there.”