Well look who's got themselves a new sugar daddy: the pretty ladies at Daily Candy have found themselves a minority investor valuing the company at $130 million. Back in February, Daily Candy's controlling investor Bob Pittman put the trendy email service on the auction block with a minimum bid of $100 million — but the ballsy number was enough to scare off the New York Times Co., News Corp., and Hearst. Instead, the Wall Street Journal reports that the company is no longer for sale, the ladies having decided to whore themselves to just one minority investment, the money from which shall go towards maintaining their well-stocked closets.
But the 130-million-dollar question remains: who's the investor? Seriously, who the fuck would put down that kind of cash to validate their opinion on some fabulous little peep-toes from a Park Slope cobbler you've never heard of?
Idle and uninformed speculation is always welcome.