![]() ![]() MediaLab claims on its website that its portfolio of internet brands and apps has more than 80 million monthly active users. Its investors include Andreessen Horowitz, Quicken Loans, Cleveland Cavaliers owner Dan Gilbert, and artists Eminem, Nas and Pharrell Williams.Īccording to Bloomberg’s report, Genius Media’s obligations to preferred shareholders exceeded the $80 million sale price, so “investors won’t be paid out in full.” Brooklyn-based Genius had raised $77.7 million in funding, according to Crunchbase.
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