Profitable: Sugar Inc raises $16M, buys Shopflick and those NBC shares, expands to LA
Sugar Inc, a women-focused media company, is in the middle of a big expansion. It has closed a new, $16 million round from existing investor Sequoia Capital and used some of that money to buy back shares from another investor, NBC Universal. It also used some of that money to purchase of women-focused “indie” video-driven shopping site Shopflick. The founder and chief executive of that company, David Grant, is becoming the president of a new,… Continue Reading
Roundup: Yahoo’s bad (but not awful) day, Icahn’s wild weekend, shuffle at the top of Etsy and more
Here’s the latest action:
Yahoo has a bad day, but it could have been much worse — The Internet giant announced its earnings today and fell short of expectations, but only by about a penny-a-share. Net income was down 19 percent from the same quarter last year. Still, considering it no longer has a Carl Icahn-led hostile takeover to worry about, the company can — and more importantly, will live with these numbers.
Icahn’s wild weekend — While Yahoo was… Continue Reading