JPMorgan Buys Coupon Site Bloomspot For $35 Million

What's Next In Payments®
3:48 PM EST December 20th, 2012

JPMorgan Chase has agreed to buy eCoupon site Bloomspot Inc. for $35, according to Bloomberg. Investors in Bloomspot will get a 67 percent return of invested capital, and the deal is expected to close by the end of January 2013.

“While we are disappointed that the deal is not generating a positive return for our investors, given alternatives, we believe this is a good outcome for our equity investors,” wrote Bloomspot CEO Jasper Malcolmson.

Read the full story here.


Want more news delivered right to your inbox? Sign up for our daily newsletter now!

Comments
Also by This Author
What's Hot
Alternative Financial Services
Ant Financial To IPO In 2016
Merchant Innovation
California Startup SimpleFi Hopes to Challenge Payday Lenders with Employee Targeting
Consumer Finance
Visa Europe to Spend EUR 200 Million on Digital Payment Technology
B2B Payments
Slyce Snatches Coupon App SnipSnap for $6.5 Million
View All Articles ››
You May Also Like
Company Spotlight
Different mPOS Strokes for Different mPOS Folks
International
Digital River Offers A Sneak Peak At Mobile eCommerce Trends
Mobile Commerce
Trustwave Buys Cenzic To Beef Up App Testing Capability
Cool
Tapping Into The Two Screen Consumer
Alternative Financial Services
Ant Financial To IPO In 2016
News
Bed Bath & Beyond Finds Its Money in the Latter
Merchant Innovation
California Startup SimpleFi Hopes to Challenge Payday Lenders with Employee Targeting
View All Articles ››