big dip in market share between the leaders and the rest of the masses, the transactions are usually small and consist of players looking to enter new markets. Translation: While terms of the deal
were not disclosed, it was likely modest. Scoop St. co-founder David Ambrose tells All Things D that the sale was an all-cash offer, and that investors -- who put $1.2 million into the start-up -- saw
a "good return."
BuyWithMe was already operating in New York City, but will gain Scoop St.'s eight employees and its subscriber list of 50,000. Scoop St. had also developed other features, such as "Experiences," which offered access to special events, loyalty programs and mobile applications.