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$PCLN said that it has agreed to invest an additional $500MM in $CTRP, China's leading online travel company, through a convertible bond. Including the new bond, $PCLN has invested about $1.9Bil in Ctrip's convertible bonds and ADS since 2014. After the issuance of new bond, $PCLN will own about 45.5MM ADS of Ctrip on a fully diluted basis.
$KMB down close to 4% after it misses on earnings and revenue. Forecasts are lower for the year.
It is official, with $T buying $TWX, it looks like distributors want to own the content production too. Expect some good competition between Netflix ($NFLX), AT&T, Comcast ($CMCSA) and others. However, will this be good for the consumers will not be decided soon.
$NFLX a monster move, going up. Expect making some money on Monday.