finance.yahoo.com
8:55 am Groupon discloses acquisition of "flash fashion retailer" Ideeli for $43 mln in cash ( GRPN)
From filing: "On January 13, 2014, Groupon, Inc., a Delaware corporation, and Groupon Esteban, Inc., a Delaware corporation and direct subsidiary of the Company ("Merger Sub"), entered into an Agreement and Plan of Merger with Ideeli, Inc., a Delaware corporation, pursuant to which the Company acquired all of the equity interests of Ideeli for an aggregate cash purchase price of approximately $43 million, subject to the adjustments described below. The closing of the Acquisition occurred immediately following the signing of the Merger Agreement on January 13, 2014. Upon the closing of the Acquisition, Merger Sub was merged with and into Ideeli, the separate corporate existence of Merger Sub ceased and Ideeli continued as a wholly-owned subsidiary of the Company."
"Ideeli provides its millions of members with access to leading brands in women's and men's apparel and accessories and home decor at significant savings. Founded in 2007 and based in New York, ideeli is one of the largest independent fashion flash sites." |
