Greenwald Launches “First Look Media”

Pierre Omidyar, the founder of eBay, is injecting his first $50m into the new journalism venture he is setting up with former Guardian columnist Glenn Greenwald.

The investment represents the first tranche of a total pot of $250m that the billionaire entrepreneur and philanthropist has promised for the new operation. A statement released from Honolulu on Thursday said that the money was being used to set up offices in New York, San Francisco and Washington.

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