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Quibi gets another $750 million in funding, bringing total haul to $1.75 billion

Quibi, the short video-content streaming service led by Chief Executive Meg Whitman and founder Jeffrey Katzenberg set to launch April 6, on Wednesday said it closed $750 million in second-round funding. The company has raised $1.75 billion so far. The Los Angeles-based company did not disclose names of investors in the latest round, but said it included money from new and current investors at "studios, major technology companies, strategic partners and financial investors." Quibi is offering a subscription service for content of 4- to 10-minute videos. It joins a field teeming with large media companies such as Netflix Inc. , Walt Disney Co. , Apple Inc. , Amazon.com Inc. , and Comcast Corp. . Read More...

Quibi, the short video-content streaming service led by Chief Executive Meg Whitman and founder Jeffrey Katzenberg set to launch April 6, on Wednesday said it closed $750 million in second-round funding. The company has raised $1.75 billion so far. The Los Angeles-based company did not disclose names of investors in the latest round, but said it included money from new and current investors at “studios, major technology companies, strategic partners and financial investors.” Quibi is offering a subscription service for content of 4- to 10-minute videos. It joins a field teeming with large media companies such as Netflix Inc. , Walt Disney Co. , Apple Inc. , Amazon.com Inc. , and Comcast Corp. .

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