Variety reports: “One month ahead of commercial launch, Quibi said it closed $750 million in second-round funding, which the premium mobile-subscription player believes will take it to the point of profitability. Led by founder Jeffrey Katzenberg and CEO Meg Whitman, the company has now banked $1.75 billion to date.”
Quibi Closes Upsized $750 Million Second Round of Funding for Mobile-Video Launch
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