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OneMediaPlace closes $67 million in venture financing

Published on .

OneMediaPlace, formerly Adauction.com, secured commitments for $67 million in private investment from several media companies. Primedia, Liberty Media and Artemis, a French investor, joined with CMGI @Ventures to complete the $67 million in financing. A $25 million portion of the round committed earlier this year by CMGI @Ventures will be used to develop OneMediaPlace as a global electronic media marketplace where media buyers can purchase content across all media.

Copyright May 2000, Crain Communications Inc.

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