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Confirmed: Walmart has acquired womenswear site Modcloth

Some more consolidation in the world of online fashion and e-commerce. Today Walmart announced that is has acquired ModCloth, a womenswear retailer that focuses on a younger, progressive demographic and a healthier range of sizes beyond the too-often-emphasized tall, rail-thin look. Today’s news confirms reports on the acquisition from us and others earlier this ...

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Walmart subsidiary Jet.com to buy ModCloth for less than $75m

Online fashion retailer ModCloth, known for its vintage-inspired and indie apparel, is on the verge of being acquired by Walmart, by way of its subsidiary, Jet.com. The deal, which had already been rumored, is almost finalized and will fetch a price tag between $50 million and $75 million, sources tell TechCrunch. This ...

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Rockstars party, MCs invest

In the world of music, rockstars party while MCs invest. Following the launch of Jay Z’s new VC vehicle, Arrive, earlier this month, we did a data pull on how music industry moguls spend their ducats. And hip hop artists are way ahead of rock stars when it comes to making ...

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Microsoft is closing the social network you forgot it ever launched

So.cl, the little-known and probably much-forgotten social network project from Microsoft Research’s FUSE Labs division, is closing down. The service was launched in late 2011 as a social community where the objective was “collaborative consumption, not communication.” Initially for students, So.cl opened up to anyone once it had gotten going and subsequently ...

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