TECHCRUNCH
ERICK SCHONFELD
28 MAY 08
Women’s ad network Glam Media
thinks it’s worth more than $1.3 billion, reports Matt Marshall at VentureBeat. That’s how much an unnamed suitor is supposedly offering for Glam. But Marshall thinks that Glam will turn it down.
The company has raised $115 million, most recently in an $85 million round. Glam runs ads on female-oriented Websites that it says reaches 64 million people a month. Today it just launched a video ad service called the Glam TV Platform that bundles rights-cleared video (from partners like E! Online, CelebTV, Sony