News Brief
Gilt Groupe Buys BuyWithMe
Oct 28, 2011, 10:52 PM
Gilt Groupe is in the final stages of acquiring the troubled daily deal site BuyWithMe, reports BetaBeat, which laid off over half its staff last week. The sale is a win for Matrix Partners, which hs financially backed both firms, and been supporting BuyWithMe during rounds of $30 million in venture funding. BuyWithMe will officially be part of Gilt starting Nov. 1.
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