Tuesday, March 3, 2015

Fab Officially Finds A New Owner

In a statement sent to the press, Fab cofounder Jason Goldberg said the move will allow him to focus on Hem.

On Tuesday, Fab cofounder Jason Goldberg announced that the e-commerce hub he founded in 2011 with Bradford Shellhammer had a new owner: PCH International, a custom design and manufacturing business. Although the financial terms of the deal weren't discussed, the stock-and-cash deal is reported by multiple sources to be worth around $15 million.

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