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Pinterest funding could value startup at $1.5 billion
May 17th, 2012
(Reuters) - Social networking site Pinterest has raised $100 million from a group of investors led by Japanese online retailing giant Rakuten Inc in a deal that reportedly values the three-year-old U.S. company at $1.5 billion. Rakuten said it was joined in the capital-raising by existing shareholders Andreessen Horowitz, Bessemer Venture Partners, FirstMark Capital and a number of angel investors. The new round of financing values Pinterest - one of Silicon Valley's fastest growing startups - at $1.5 billion, up sharply from $200 million late last year, Wall Street Journal said. ... (Source: Reuters) -
SAN MATEO, Calif. - Opening spaceflight up to the masses could help spark a global conservation ethic that stems the tide of environmental destruction on Earth, NASA's science chief says. (Source: SPACE.com)... [Full Article]
(Reuters) - Yahoo Inc will buy online blogging service Tumblr for $1.1 billion in cash, the company said on Monday. The deal, which will use about one-fifth of Yahoo's $5.4 billion in cash and marketable securities, is the largest by far since Yahoo Chief Executive Marissa Mayer took the reins in July in order to reverse a multi-year decline i... [Full Article]
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