Netflix Inc. shares climbed more than 4% on Monday, following rumors on Friday and over the weekend the streaming giant could be a acquisition target for Walt Disney Co. . Disney has been rumored to be on the prowl for new business to add to the company’s media and entertainment offerings. Last week Disney emerged as a potential player in the bid for Twitter Inc. . Though the timing for a possible Netflix buy would be tough to call, Baird analyst William Power wrote in a note to clients Netflix has been the subject of “recent M&A rumors. Whether Disney, Apple or someone else, Netflix could become a target.” Analysts have said it would make sense for Disney to look to move further into streaming video, especially sports content. A Spokeswoman for Disney was not available for comment and Netflix declined to comment. Shares of Disney are down nearly 12% in the year to date, while Netflix shares are down more than 10%, both have underperformed the S&P 500 Index , which is up more than 5%.
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