Monday, February 8, 2010

Flixster Issues $12.5M In Stock

San Francisco-based Flixster, which allows users to rate and review movies, has issued $12.5M in common stock, most likely as part of the purchase price of Rotten Tomatoes, a site that the firm bought in January. According to a recent regulatory filing by the firm, the common stock issuance came on December 31st, shortly before the firm said it purchased Rotten Tomatoes, a film review site. Flixster said it would buy Rotten Tomatoes on January 4th from IGN Entertainment.