DCM Capital Sold for Peanuts

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DCM Capital CEO Paul Hawtin says the new buyer has found a "bargain".

The sentiment analysis provider, which was launched by Paul Hawtin in May 2012 following the dissolution of his "Twitter Fund", sold yesterday to the highest bidder at the end of a two-week online auction. The winning bid came from a financial technology firm, which Hawtin declined to name.

Hawtin set a guide price of £5 million ($7.8m), but claimed at the start of the auction that anything above the £350,000 ($543,000) invested would represent a success.

However, despite admitting

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