BuyWithMe Said to Have Found a Buyer
BuyWithMe is being sold to Gilt Groupe, according to a report from Beta Beat. Financial terms weren't disclosed. The daily deals site will officially become part of Gilt, an online seller of designer fashion, on Nov. 1, the story says. The sale comes after BuyWithMe reportedly laid off half of its staff earlier this month. BuyWithMe has secured about $30 million in funding, Beta Beat says. This includes $5.5 million in funding from Matrix Partners in January 2010. BuyWithMe, the following July, scored another $16 million in a round led by Bain Capital Ventures.
28 October 2011•1 min read
