Will Facebook Pull the Trigger on a Netflix-like Acquisition?

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Once upon a time, Netflix (NASDAQ:NFLX) traded near $50 a share and had bad press on all sides. It had tens of millions of subscribers to its service, yet no giant company pulled the trigger on an acquisition. Since that day (actually, the end of September 2012), the price has soared above $217 and is out of reach for most companies that could have considered it earlier. Discounting the 20/20 hindsight premise, is Facebook (NASDAQ:FB) staring at a potential buy that could deliver Netflix-like results?

Kase Capital’s Whitney Tilson thinks there’s a similar deal out there, one which Facebook or a company like IAC (NASDAQ:IACI) might want to swallow up sooner rather than later. Tilson told Louis Bedigian of Bezinga that he considers Spark Networks (AMEX:LOV), owner of JDate and Christian Mingle, one that could be the target of more than a few suitors.

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How does the comparison hold water? Tilson notes the methods of Spark are similar to those of Netflix, i.e. taking considerable profits and pumping them straight back into their businesses, setting the company up for big-time growth in the future. To skeptics who say that JDate has already hit its saturation point, Tilson argues that Christian Mingles — and its much larger audience — has yet to hit its stride…

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