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New York-based Droga5 is eyeing expansion into new markets including London following an infusion of capital from a group of investors led by Henry Silverman that also includes Bob Pittman.
The company would not confirm reports that the investment is $6-7 million dollars.
According to one industry source, independent Droga5, which ended last year with estimated revenue of $29 million, had in recent weeks been talking to a host of potential investors, including major holding companies.
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