OK, what tech beast is buying Netflix (NFLX) in a blockbuster deal that would probably short-circuit the internet on the day it's announced?

How can one not ask that question while watching Netflix shares climb to new records seemingly each day? That includes right on through the chaos of February's market correction that saw all sorts of stocks smashed to pieces. 

Netflix shares have been on fire this year, up a mind-blowing 50%. Shares of the streaming king are up more than 1,000% in the past five years, despite competition heating up in the space and rising costs to develop unique content. At this point, the market has probably stopped betting on Netflix simply posting strong results for as far as the eye can see. No, the market might be betting the company is acquired within the next year for an astronomical premium.

One Wall Street analyst offers a different perspective on why Netflix shares trade at a mere 240 times forward earnings estimates. 

"Coming off a quarter with across-the-board momentum in both reported fourth quarter subscribers and first quarter 2018 subscriber guidance ahead of Wall Street/UBS estimates, we see Netflix's investments in original/licensed content and customer acquisition/retention as widening the long-term competitive moat," says UBS analyst Eric Sheridan. "Against that backdrop, we still see a compelling risk/reward over the long-term despite strong year to date stock performance."

Buyout. You heard it on TheStreet first.

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