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Rubicon Project Gets $18 Million, Completes FAN Acquisition
/ November 1, 2010 11:08 am

Los Angeles – Online advertising firm Rubicon Project announced on Monday that it has raised $18 million in new venture capital financing, and completed its acquisition of News Corp.’s (NYSE: NWS) Fox Audience Network (FAN) ad technology platform.

Investors included News Corp., Clearstone Venture Partners, IDG Ventures Asia, Mayfield Fund, NBC Universal’s Peacock Equity Fund and Jarl Mohn.

As part of the acquisition deal, News Corp. will retain a minority equity stake in the combined entity.

Los Angeles-based Rubicon said it reached profitability in October 2010, and will generate more than $100 million in revenue this year.

 

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