Unilever Acquires Dollar Shave Club for $1,000,000,000

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a4915a8c-fe6c-4982-8c9f-1696b8e14394
Date
7/20/2016
Company Name
Dollar Shave Club
Mailing Address
513 Boccacio Avenue Venice, CA 90409 USA
Company Description
DollarShaveClub.com sends awesome razors right to your door for a few bucks a months. No more over-paying for brand name razors. No more forgetting to buy them at the store. “Shave Money. Shave Time.” Major Product, Brand & UI/UX overhaul coming Feb 2012
Website
http://www.dollarshaveclub.com
Transaction Type
M&A
Transaction Amount
$1,000,000,000
Transaction Round
Proceeds Purposes
M&A Terms
No financial terms were disclosed, but multiple sources close to the deal tells Fortune that Unilver UK is paying $1 billion in cash for the Santa Monica, Calif.-based business.