AOL, Other Firms Drop $50 Million into DealTime.com
Page 1 of 1
This mezzanine round of financing was led by private investment firm Bain Capital, with additional investments from AOL (AOL), Time Warner (TWX), Bank of America, UBS Capital, Hollinger Capital and Singapore Telecom.
Warburg Dillon Read acted as exclusive advisor to the company in connection with this transaction. DealTime.com will use the new financing for working capital, business development, and marketing so that it can continue on its path to become the ultimate buyers' gateway on the Web.
"With online comparison shopping coming of age, DealTime.com is well-positioned to add substantial value and convenience to consumers' online buying experience and to capitalize on this growing trend, enabling customers to use the Internet to make informed buying decisions," Len Leader, president, AOL Investments.