Turner will bring digital media company Refinery29's video content to TV as part of a round that also included existing investor Scripps Networks Interactive.
Turner, a broadcast subsidiary of entertainment and media group Time Warner, led a $45m series E round for US-based online media company Refinery29 yesterday.
The round, which also includes television company Scripps Networks Interactive, values Refinery29 at $500m, people familiar with the matter told the Wall Street Journal. Turner’s imminent investment was first reported by Recode last month.
Launched in 2005, Refinery29 operates a digital media site focused on women that initially concentrated on articles, but which has extended…
