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Shark Tank Recap: Kevin O’Leary uses Costco entry as leverage in $2.5 million Zipz deal (12/5/14)

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Today on Shark Tank, the biggest deal was celebrated between Kevin “Mr. Wonderful” O’Leary and Andrew McMurray (photo in this recap) for his company, Zipz. Mr. Wonderful negotiated a deal where he can bring in Zipz’ single-serve wines into Costco, the biggest wine purchaser in the world, for a hefty $2.5 million investment in exchange for 10% equity. Find more details in our recap of today’s episode. O’Leary, the most experienced wine connoisseur among the Sharks, told McMurray that the $2.99 entry price of Zipz won’t go anywhere, especially since a bottle of wine is somewhere below the $9.99 level....

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