Staying Informed

Groupon Buys Ideeli At A Discount

In the latest sign that ?flash sale? sites are struggling, Groupon bought Ideeli for $43 million in cash. This was a loss for Ideeli shareholders, considering the company received $107 million in venture capital from 2007 through 2013.  Groupon, however,  is known for finding discounts. Ideeli sells ?designer? goods via timed sales, similar to competitors Gilt Groupe, Rue La La and HauteLook ...

 

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