Looks like long awaited consolidation in the “deals” space has finally begun. Gilt is buying Buywithme for a discount. Question is why do we keep thinking of these as technology companies. They are retailers and discounters on the Internet. Nothing more, nothing less.
One thought on “GiltMe”
Interesting note is that they both have large VC backing from Matrix Partners.
Additionally, with Groupon launching the new high-end range, I can imagine Gilt can use the extra feet on the street to expand to more cities.
Comments are closed.