6 N.J., 4 Philly radio stations sold in $240M deal

Six New Jersey radio stations and another four in Philadelphia have been sold as part of a $240 million deal. Naples, Fla.-based Beasley Broadcasting agreed to buy the stations from Greater Media Inc. in a transaction that includes $100 million in cash and about $25 million in Beasley stock, the company announced Wednesday. The New Jersey…

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Michael Dubin, Main Line native & Haverford School grad, sells his Dollar Shave Club to Unilever for $1 billion

Tom Paine

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Michael Dubin is a wealthy man.

Dubin's Dollar Shave Club has agreed to be acquired by Unilever for about $1 billion in cash.

Dubin grew up on the Main Line and graduated from the Haverford School. He graduated from Emory University before heading west to LA.

He founded DSC in 2011 with a boost from a viral video ad in which Dubin, who had taken an occasional shot at improv, was the star.



The valuation was a bit surprising, but not so much relative to competitor Harry's, which was co-founded by a Warby Parker co-founder. Harry's was valued at $700 million in its latest round.

Unilever said that Dollar Shave Club had sales of $152 million in sales last year, and expected more than $200 million in revenue this year. Its sale represents a big win for the subscription business model, which has been under pressure recently in some cases.

Here's a profile of DSC I wrote in 2014, in which I wondered why First Round Capital hadn't invested in the subscription razor model. Comcast Ventures was an investor in DSC, however.

Unilever Buys Dollar Shave Club for $1 Billion (Fortune)

Links 7/20: Dreamit accelerator ditches demo days; This former eBay Executive (Penn's Abraham) helps stores track return shoppers

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Bill McDermott on SAP Quarterly Results (Bloomberg TV)

SAP profit tops estimates, as new software license revenue increases 10%

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