Netflix Selling $200 Million in Convertible Bonds to VC Firm
Netflix said it is selling about $200 million in convertible bonds to Technology Crossover Ventures, a venture-capital firm that has made late-stage investments in big tech companies including Groupon.
Investors are not taking it as a good sign that Netflix needs a $200 million infusion of cash, and issuing fresh stock in the process. Netflix’s share price, which fell Monday during an ugly trading session, slipped about 8 percent in after-hours trading but clawed back some of those losses.
