Gilt City Confirms Acquisition of BuyWithMe's Assets

Gilt Groupe's daily deals business, Gilt City, has officially acquired the assets of BuyWithMe, as I reported last week. BuyWithMe customers are being redirected to the Gilt City Web site. Gilt did not disclose the terms, but sources familiar with the deal told me it paid about $5 million in cash and stock for the assets.

Source: http://allthingsd.com/20111102/gilt-city-confirms-acquisition-of-buywithmes-assets/

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