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In October 2012, Netflix CEO Reed Hastings announced that he was stepping down from Microsoft ‘s board of directors. At the time, there was widespread speculation that Microsoft would acquire Netflix and that Hastings,
King Digital Entertainment plc ( KING ) reported second quarter fiscal 2014 earnings of 52 cents per share, which managed to beat the Zacks Consensus Estimate of 50 cents. Earnings surged 29.6% from 40 cents per share reported in