This just made me remember Myspace that was valued at $550 million but was later sold for just $35 million. Two years ago, Fab was out on a buying spree--acquiring every retailer it came across. The ecommerce company that was worth $1 billion in 2013 will be sold to Irish electronics maker PCH International for between $15 million and $50 million in a half cash and half stock deal, reports Techcrunch. An agreement has not been reached between the two companies, but, if it comes out, the rest of Fab will go into the company's founder and CEO Jason Goldberg new home decor business, HEM.
