netflix reed hastings

Netflix is raising an additional $200 million in capital through the sell of zero coupon convertible notes.

Technology Crossover Ventures will be buying the notes, and have the right to nominate one person to the board of Netflix, according to headlines coming across Twitter.

The stock is off 6% in after-hours trading on the news.

More to come ...

Please follow SAI on Twitter and Facebook.

Join the conversation about this story »

See Also: