Letsbuyit.com sees shares jump 65% on financing news

Article Abstract:

Letsbuyit.com NV saw its share value increase by up to 130% after the firm announced it received major financing. Letsbuyit said it received over 52 million euros in financing.

Securities prices

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LetsBuyIt secures guarantee to help retailer survive

Article Abstract:

LetsBuyIt.com NV has secured a loan guarantee of 4 billion euros in order to prevent going bankrupt. Company shareholders and the Kimivestor incubator fund provided the funds.

Author: Gruner, Stephanie

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Subjects list: Netherlands, Finance, Online services, Internet services, Home shopping, Letsbuyit.com N.V.
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