JPMorgan Buys Coupon Site Bloomspot For $35 Million

What's Next In Payments®
3:48 PM EDT 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.


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