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Short Take: StarMedia nets $80 million in financing

StarMedia Network, one of the largest online networks in Latin America, has netted $80 million in a private equity placement. The second-round financiers include: Warburg Pincus, General Electric Equity Capital Group, Morgan Stanley Dean Witter, Platinum Venture Partners, and executives from Kohlberg Kravis Roberts. The online community provides information services in Portuguese and Spanish languages.