Saturday, May 26, 2012
Rakuten invests 100 million dollars in Pinterest
The Japanese online retail giant, backed by a number of investors, has invested 100 million dollars in Pinterest. According to Reuters the investment marks the beginning of a partnership between Rakuten and the young social network, now valued at almost 1.5 billion dollars. Pinterest is a social network site for posting imagesInvestors Andreessen Horowitz, Bessemer Venture Partners and Firstmark Capital also participated in the raising of the funds, along with several angel investors. With an
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