zombola
04-11-2015, 01:35 PM
http://s3.reutersmedia.net/resources/r/?m=02&d=20150410&t=2&i=1039499810&w=644&fh=&fw=&ll=&pl=&r=LYNXMPEB390ZP
(Reuters) -Netflix Inc is seeking to increase its share authorization by nearly 30 times, the video streaming service said in a filing with regulators.
The company is seeking shareholder approval to increase the number of shares authorized to 5 billion from the current 170 million, a regulatory filing showed.
The move by Los Gatos, California-based Netflix, whose stock has traded at above $300 for a year-and-a-half, indicates a first step toward a possible stock split.
Netflix, whose shares closed at $454.57 on Friday on the Nasdaq, was not immediately available for comment.
(Reporting by Sai Sachin R in Bengaluru. Editing by Andre Grenon)
(Reuters) -Netflix Inc is seeking to increase its share authorization by nearly 30 times, the video streaming service said in a filing with regulators.
The company is seeking shareholder approval to increase the number of shares authorized to 5 billion from the current 170 million, a regulatory filing showed.
The move by Los Gatos, California-based Netflix, whose stock has traded at above $300 for a year-and-a-half, indicates a first step toward a possible stock split.
Netflix, whose shares closed at $454.57 on Friday on the Nasdaq, was not immediately available for comment.
(Reporting by Sai Sachin R in Bengaluru. Editing by Andre Grenon)