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Did Amazon really try to buy Netflix for $12 million?

According to a new book, Amazon was keen to buy Netflix in 1999. Quite understandable given its potential. But it only offered $12 million for the then-startup. The derisory offer was rejected and the rest, as they say, is history; Netflix now has a market value of a cool $3.7 billion.

Did Amazon really try to buy Netflix for $12 million?
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