Hong Kong fund’s projected $400 million Overstock investment ends with $5 million close
GSR Capital and Overstock's tZERO have concluded investment negotiations, with the former agreeing to a $5 million equity purchase. $1 million will be in U.S.D., $1 million in Chinese Renminbi, and the rest in 'certain securities.' The total investment is a far cry from the initial $404 million discussed last summer or even the $30 million planned last April. Makara, another potential investor, is still conducting its due diligence.
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