American social business platform Fancy proposed sale price of $1 billion
Beijing time on September 6th morning news, according to Bloomberg news, informed sources, due to financing difficulties, the United States online retailer Fancy is negotiating to sell the company for $1 billion.
informed sources said that the start-up company is negotiating with eBay, but the state of negotiations is not yet known. In June this year, there are reports that the company plans to expand the financing of $1 billion 200 million valuation.
Fancy CEO Joe · Einhn (Joe Einhorn) did not comment. EBay spokesman Amanda · (Amanda Miller), said the company will not comment on rumors.
Fancy is headquartered in the United States last year to $600 million valuation, from American Express, billionaire Lun · Blavatnik (Len Blavatnik) and actor, Smith · (Will; Smith) at financing $53 million. Informed sources said that at a higher valuation failed to seek financing for several months, the company is negotiating with strategic buyers.
Fancy formerly known as Thing Daemon, specializing in the sale of a variety of luxury items, such as cocktails with a $9 waterproof lamp, $205 magnetic hangers and $120 can be photographed feeding birds. When a user likes a product, you can buy or click on the "fancy" button to get a higher exposure on the web site. Users do not have to leave the Fancy site can be completed shopping.
eBay President · Wenig Goodwin market business; (Devin Wenig) said in an interview last July, the company expects the market will usher in the integration of e-commerce market. In the United States, the establishment of e-commerce is not difficult, it is difficult to do large-scale." He said. (Yu