Home › DMW Daily › January 31, 2008

Netflix to Buy Back Up to $100 Million in Stock

Authored by Mark Hefflinger on January 31, 2008 - 11:07am.
Los Gatos, Calif. - Shares of Netflix (NASD: NFLX) rose sharply on Thursday after the online DVD rental service said that it would buy back up to $100 million of its stock through the end of 2008.

The company plans to repurchase its shares from time to time on the open market and through privately negotiated transactions.

The news sent shares of Netflix up nearly 10% in heavy trading on the Nasdaq.

Related Links:
http://netflix.mediaroom.com/index.php?s=43&item=264
http://www.netflix.com

Published in DMW Daily, January 31, 2008
tags: Movies | DVD | Netflix | Financials |

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