Comcast acquires DailyCandy, but for less than its most recent valuation
Cable giant Comcast has purchased the female-oriented email newsletter DailyCandy for $125 million, Silicon Alley Insider reported earlier today. What isn’t being reported though is that the sale price is actually less than the valuation DailyCandy received following its last round of funding, a source close to the sale tells us.
Following an investment two years ago (after a failed attempt to sell), DailyCandy was valued at $130 million, The Wall Street Journal reported at the time…. Continue Reading