Saturday, August 3, 2013

Boston Globe sells for less than a Series B high tech financing



Shavua tov, a good week to everyone.

The New York Times has sold the Boston Globe to Red Sox owner John Henry for $70 million. For those keeping score, that's 93% less than the Times paid for it in 1993 (Hat Tip: Memeorandum).

Here are some interesting comparisons with the price paid for the Globe. Among them is the following:

3. HootSuite, a Twitter and Facebook utility, raised $165

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