Fab.com’s Fire Sale is Official
Fab.com finally has a new home. PCH International, a company that helps startups design and manufacture hardware products, has announced that it's purchased the shopping site that was the one-time darling of venture capitalists and design aficionados alike. PCH CEO Liam Casey declined to comment on a price, but Re/code previously reported Fab would sell for $7 million in cash and about $8 million in stock, based on PCH's most recent financing round. Fab.com's 35 employees will join PCH as part of the acquisition, the company said.