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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Another gadget you don’t really need. Will not work once you get it home. New model out in 4 weeks. Battery life is too short to be of any use.

— From the fact sheet for a fake product entitled Useless Plasticbox 1.2 (an actual empty plastic box) placed in L.A.-area Best Buy stores by an artist called Plastic Jesus