Netflix moved to give itself a capital infusion on Monday, selling $400 million in stock and convertible bonds, the Los Gatos, Calif. company announced.
Half of that sum will be raised through the sale of common stock at $70 a share to mutual funds and accounts managed by T. Rowe Price Associates, while the other portion will be generated by the placing notes with funds affiliated with Technology Crossover Ventures (TCV).
Read the whole story from Reuters.