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Title: Netflix stock hit after it sells bonds, issues stock for $200 million capital infusion Post by: HCK on November 22, 2011, 03:00:50 pm Netflix stock hit after it sells bonds, issues stock for $200 million capital infusion
Netflix announced it would be selling $200 million in convertible bonds to a venture capitalist, as part of an effort to raise money for "general corporate purposes," news that worried investors and sent the company's stock price down 7.7 percent in after market trading. http://feeds.appleinsider.com/click.phdo?i=bb42fb20919e5e5f59378a239d1e1f1f |