Another billion-dollar tech startup smacked by reality – MarketWatch

Another billion-dollar tech startup smacked by reality
MarketWatch
Gilt Groupe, once among the hottest of New York startups with a $1.1 billion paper valuation, is in talks to sell itself to The Hudson’s Bay Co. HBC, -3.85% for about one quarter of that pie-in-the-sky valuation, the Wall Street Journal reported Monday
Flash sales startup Gilt Groupe might sell itself for a fraction of its old Businessinsider India



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