How Elite Daily's 20-Something Founders Sold Their Startup to Daily Mail for ~ $50 Million in Cash

Posted Monday, February 2, 2015 10:09 am

By: Alyson Shontell | Business Insider

Daily Mail just acquired the media startup Elite Daily for $40 million to $50 million in cash, according to multiple sources familiar with the deal.

But when Daily Mail's US CEO Jon Steinberg was first told to meet with Elite Daily in June, he blew it off.

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How Elite Daily's 20-Something Founders Sold Their Startup to Daily Mail for ~ $50 Million in Cash

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