Groupon Buys Ideeli At A Discount

Monday, January 13, 2014
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. ย Groupon, however, ย 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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