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Maker Studios Closing In On $40M

Maker Studios -- which specializes in creating and distributing YouTube clips -- is reportedly close to raising $40 million from Time Warner and other investors. As AllThingsD reports: “The media conglomerate, via its Time Warner Investments arm, is leading a $40 million round that sources say should close within the next three weeks.” To date, Maker has raised $4 million from Greycroft Partners and GRP Partners.

Read the whole story at All Things D »

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