Around the Net

Gilt Groupe Sold For $250M

  • 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.

Read the whole story at Re/code »

Next story loading loading..