Flixster Can't Sell To IAC, Raises $5 Million Instead

Movie rating site/social network/Facebook app Flixster has raised $5 million, according to a regulatory filing picked up by peHUB. The fresh financing comes after Flixster was unable to sell itself to IAC (IACI) or anyone else — probably because it was looking for too much money, around $150 million.

Leading the round: Pinnacle Ventures, which joined previous backer Lightspeed Venture Partners. The company had previously raised $2 million, says peHUB.

See Also:
IAC: No Flixster Deal
IAC + Flixster: Third Time The Charm?
IAC To Flixster: Thumbs Down

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