Alibaba says it is not making an investment in Netflix

Fri Aug 5, 2016 4:14pm EDT
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SAN FRANCISCO (Reuters) - Alibaba Group Holding Inc is not making an investment in Netflix Inc, Alibaba spokesman Bob Christie told Reuters on Friday.

Christie was responding to market rumors about a possible deal between the Chinese e-commerce company and the U.S. video service.

(Reporting by Peter Henderson; Editing by Richard Chang)

The Netflix sign on is shown on an iPad in Encinitas, California, April 19,2013. REUTERS/Mike Blake/File Photo