Netflix said Wednesday that it will provide a 5% credit on the monthly bills of customers whose shipments were delayed by an outage Monday at its Internet site. A Netflix spokesman declined to disclose the number of customers affected, saying only that "it was not a majority" of the company's 7.5 million members. He said the credit will not have a material impact on the company's financial operations. The 11-hour outage resulted in a one-day delay for people expecting to receive DVDs on Tuesday. Netflix shares rose 2% on Wednesday to $37.86, but those gains, and more, were erased in after-hours trading.
TORONTO — Shareholders of Canadian financial news giant Thomson and London-based Reuters Group on Wednesday overwhelmingly voted to approve the $17 billion takeover of Reuters. The transaction will create Thomson Reuters, the largest provider of news and data for the global financial community. Thomson stockholders voted 99% in favor of the deal. The Thomson family of Toronto holds a 70% stake in the firm via investment vehicle Woodbridge. Reuters shareholders in a separate vote Wednesday also approved the deal, giving it 92.6% support, or 99.8% of the votes cast. The completion is scheduled for April 17.
Spanish regulator CNMV said Wednesday that it has authorized media group Prisa's takeover of its cable TV affiliate Sogecable. The €28-per-share deal values Sogecable at €3.9 billion ($6.1 billion). Prisa expects to complete the deal in May.