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Shop Inks a Deal With Venture Capital Firm
LOS ANGELES–Townsend & O’Leary Advertising and venture capital firm ColumbusNewport have formed a partnership that could add up to $35 million to the shop’s capitalized billings in the coming year.
Since it was struck in the summer, the deal has already translated into $5 million in additional billings from dot.com referrals, said T&O president Steve O’Leary.
Exact terms of the deal, under which T&O will provide ColumbusNewport, Newport Beach, Calif.,
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