Gilt City Confirms Acquisition of BuyWithMe’s Assets

Gilt Groupe’s daily deals business, Gilt City, has officially acquired the assets of BuyWithMe, as I reported last week. BuyWithMe customers are being redirected to the Gilt City Web site. Gilt did not disclose the terms, but sources familiar with the deal said the company paid about $5 million in cash and stock for the assets.


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There’s a lot of attention and PR around Marissa, but their product lineup just kind of blows.

— Om Malik on Bloomberg TV, talking about Yahoo, the September issue of Vogue Magazine, and our overdependence on Google