Netflix Raises $400M In Stock, PE Notes Sales

Law360, New York (November 21, 2011, 10:51 PM EST) -- Netflix Inc. has raised $400 million by selling almost 3 million shares of common stock to T. Rowe Price Associates Inc. and convertible notes to funds affiliated with private equity and venture capital firm Technology Crossover Ventures, the company said Monday.

In a filing with the U.S. Securities and Exchange Commission, Netflix agreed to issue in a private placement convertible notes to funds affiliated with TCV, one of the largest private equity and venture capital firms focused solely on information technology companies, according to the company....
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