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.


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

Comments
Also by This Author
What's Hot
International
Alipay Presents Valuation Challenges Pre-Alibaba IPO
Merchant Innovation
Macy’s Latest Showrooming Weapon
International
Chinese Central Bank Whacks Third Party Wallets Over Bad Practices
Merchant Innovation
Google Trying To Crack Payments Problem To Ignite Gaming
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
Apple Pay As A B2B Option?
International
Alipay Presents Valuation Challenges Pre-Alibaba IPO
B2B Payments
Zooz, Alipay Partner To Give Merchants Worldwide Access To Chinese Consumers
Exclusive Series
What FIs Are Doing Wrong in Detecting Fraud
View All Articles ››