. It says that the proceeds will be used to “expand and enhance content offerings, strengthen its technologies, and for working capital and other general corporate purposes.”
The preliminary prospectuses do not indicate the price of the new ADRs, nor the rate at which the notes can be converted into ADRs. If 40 million new ADR shares were to be sold at current market price, the company would raise $820 million, before expenses.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: