In an attempt to transform itself into a media entity on the web, Sugar Inc. has bought Shopflick. We aren’t aware of the financial aspects of the deal but Shopflick’s founder, David Grant will be taking position at Sugar Inc. and will head its branch in Los Angeles. This new branch will primarily focus on the media aspects of Sugar, which include online video, games, etc. Apart from this new of Shopflick’s acquisition, Sugar Inc. has also raised $16 million in Series C round of funding, which was provided by Sequoia Capital.
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