• Lending startup Affirm to open Pittsburgh office, with plans to hire 500 people in 5 years

    21 days ago - By Venture Beat

    Affirm, reportedly valued at nearly $2 billion, will hire for primarily operational and back-office roles in its new Pittsburgh office.
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  • Netflix to borrow another $2B to pay its programming bills

    Netflix to borrow another $2B to pay its programming bills

    21 days ago - By Chron

    SAN FRANCISCO - Netflix plans to borrow another $2 billion to help pay for the exclusive series and movies that its management credits for helping its video streaming service reel in millions of new subscribers during the past five years.
    The additional debt load announced Monday isn't a surprise. Netflix needs more cash because it has been spending more money than its business generates since its expansion into original programming with the 2013 release of "House of Cards."
    Netflix expects to burn through $3 billion this year. The $2 billion that Netflix plans to raise in a bond offering...
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  • Netflix $2 billion debt issue adds to spending nerves

    21 days ago - By Reuters

    Netflix Inc announced its third tap of debt markets in a year on Monday, aiming to raise another $2 billion as the streaming video pioneer invests heavily in original shows and acquiring content to fend off intensifying competition.
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  • Netflix to raise $2 billion in debt to fund more original content

    21 days ago - By Tech Crunch

    Netflix's commitment to growing its original content collection will see the company again returning to debt markets to raise more financing, the company announced today. According a release published to its investors site, Netflix says it plans to raise $2 billion to help fund new content, including “content acquisitions, production and development, capital expenditures, investments, working capital and potential acquisitions and strategic transactions.”
    The funds will be raised in the form of senior unsecured notes, denominated in U.S. dollars and euros, it said.
    This debt offering is...
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  • Netflix Is Tacking on Another $2 Billion in Debt to Fund New Content

    21 days ago - By Fortune

    Netflix plans to continue burning through cash in order to fund a push for more original programming and subscribers.
    The streaming giant on Monday announced plans to raise $2 billion through a bond offering, which will be issued in dollars and euros and take the company's debt past $10 billion for the first time.
    The move comes on the heels of Netflix's third quarter report last week, which surpassed analysts' expectations for subscriber growth with 7 million new customers worldwide.
    Netflix has made no secret of its strategy to spend as much cash prioritizing original series and films...
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  • Sears Chairman Eddie Lampert Isn't Ready to Let Go

    21 days ago - By Fortune

    Sears chairman Eddie Lampert is working on a plan to fix the company that would center on him once again forking over cash to keep it afloat, according to a new report.
    Lampert's hedge fund ESL Investments has held discussions with investment firm Cyrus Capital Partners about putting up some of the cash for a $300 million loan the company needs, Reuters is reporting , citing people who claim to have knowledge of those talks. It's unknown how much of the $300 million they could put up. The talks might also fall through with no deal reached between the firms.
    Sears is in free fall with the...
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  • Netflix unveils $2 billion debt issue to fund new content

    21 days ago - By Reuters

    Netflix Inc announced its third tap of debt markets in a year on Monday, aiming to raise about $2 billion as the streaming video pioneer invests heavily in original shows and acquiring content to fend off intensifying competition.
    Read more ...

     

  • Netflix plans to raise $2 billion to fund new content

    21 days ago - By Reuters

    Netflix Inc said on Monday it plans to raise about $2 billion in debt to fund original shows, acquire content and for possible acquisitions.
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