An update to our post earlier today: We've confirmed that local shopping startup Milo has in fact been acquired by eBay, for $75 million. Business Insider first reported on the possible deal earlier today. Milo CEO Jack Abraham confirmed the acquisition via a Tweet and eBay issued a press release. Investors in the company certainly did well. They raised just $5 million in venture capital. We've heard that True Ventures, which led the Series A round, owns some 25% of the company prior to acquisition. If accurate, they just pocketed nearly $20 million, a 10x or more return on an investment made a year ago.
Source: http://feedproxy.google.com/~r/Techcrunch/~3/UxjiWsac-mI/
MANHATTAN ASSOCIATES LSI LINEAR TECHNOLOGY . LEXMARK INTERNATIONAL
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