- Re/code, Thursday, January 7, 2016 11:47 AM
Hudson’s Bay, the owner of Saks Fifth Avenue, has agreed to buy Gilt Groupe for $250 million in cash. “Financially, the deal marks a disappointing outcome for Gilt, which has raised some
$280 million in venture capital and at one time was valued by investors at more than $1 billion,” Re/code writes.
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