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May 20, 2013 10:15 am GMT

Singapore's MediaCorp Invests $40M In Luxury Online Retailer Reebonz

Reebonz_LogoMediaCorp, one of Singapore's two largest media companies, has poured $40 million into Reebonz in a deal that values the designer brand flash-sales site at about $200 million. This is the first time that MediaCorp has invested in an online retailer, according to a story on Channel News Asia (a site that is also owned by MediaCorp).

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