Demand Media Buys E-Commerce Marketplace Society6 For $94M
socalTECH
JUNE 24, 2013
Santa Monica-based Demand Media has acquired Society6 , an online e-commerce marketplace centered around artists, the company announced Monday afternoon, as part of an effort to expand its content and media platform. According to Demand Media, it paid $94M for Society6, including $75M in cash and approximately $19M in its common stock.
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