Chase Bank Picks Up Bloomspot

Chase Bank is acquiring Silicon Valley startup Bloomspot Inc., a provider of targeted merchant offers. Terms of the deal, expected to close in early 2013, have not been disclosed. Bloomspot is based in San Francisco, and has raised VC from True Ventures, Menlo Ventures, Harrison Metal and individual investors. The company closed a $40 million round in August 2011, peHub reported previously.

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