Gilt Groupe Buys BuyWithMe

  • October 28, 2011

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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