Dollar Shave Club Sells to Unilever for $1 Billion

Dollar Shave Club, a start-up built on the idea of inexpensive razors, has sold itself for a rich price. Unilever, the European consumer goods giant, said late on Tuesday that it had reached an agreement to buy the five-year-old company. While the financial terms were not disclosed, Unilever paid about $1 billion in an all-cash deal, according to people briefed on the matter. The transaction is a high point for digital commerce start-ups like Dollar Shave Club, which have gained popularity for coming up with new ways to sell consumer goods...

http://www.nytimes.com