BuyWithMe Raised $22 Million And Sells For $5 Million

By Alyson Shontell at November 02, 2011 1 Comments Share

Last week, Gilt Groupe was rumored to be acquiring BuyWithMe after the daily deals site laid off more than half its staff.

Gilt Groupe has confirmed the purchase, and BuyWithMe’s site already redirects to Gilt City.

AllThingsD hears the acquisition price was ~ $5 million in cash.

That has to hurt for a company that was deemed the #3 player after LivingSocial and Groupon. It also has to hurt for investors who poured about $22 million in to the company.

There will be many more such transactions to come especially after the Groupon IPO bombs.

Channels: giltgroup, groupon, livingsocial

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999221 Comment2011-11-02+16%3A05%3A00Alyson+Shontell »

This means tippr will sell for about $100,000

Comment by tippr — November 17, 2011 @ 11:46 AM

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BuyWithMe Raised $22 Million And Sells For $5 Million

999221 Commenthttp://www.webguild.org/20111102/buywithme-raised-22-million-and-sells-for-5-millionBuyWithMe+Raised+%2422+Million+And+Sells+For+%245+Million2011-11-02+16%3A05%3A00Alyson+Shontell »

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999221 Comment2011-11-02+16%3A05%3A00Alyson+Shontell »