PCH International in Talks to Buy Fab for $15M
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Multiple sources have confirmed that Fab is in talks to sell to PCH International for $15 million, and possibly as much as $50 million, in a half cash and half stock deal. Contractual agreements are in the very early stages between the two companies. If it does happen, we've been told that some assets will be rolled into Fab founder Jason Goldberg's new furniture design company Hem and the rest will be taken over by PCH. Fab was once a Silicon Valley darling, raising $165 million (at a $1 billion valuation) just over a year ago.