money digest


Netflix credit

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.

Reuters OK

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.

Sogecable OK

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.