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Allbirds Agrees to $39 Million Sale in a Sharp Repricing of a Once-Hyped Brand
Key Takeaways
- Allbirds agreed to sell its assets and IP for $39 million.
- The company raised about $348 million in its 2021 IPO and once topped a $4 billion valuation.
- The deal reflects a steep reset in how the market values once-hyped consumer brands.
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DT Editorial Team··via techcrunch.com