Netflix plans to raise $2 billion to fund new content By Reuters

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© Reuters. The Netflix logo is seen on their office in Hollywood, Los Angeles


© Reuters. The Netflix logo is seen on their office in Hollywood, Los Angeles

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

The streaming giant said the debt will be in the form of senior notes denominated in U.S. dollars and euros.

Netflix, which plans to spend more than $8 billion in entertainment programming this year, reported blockbuster third-quarter results last week as heavy investment in original shows lured more customers to its fold.

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