Your Web News in One Place

Help Webnuz

Referal links:

Sign up for GreenGeeks web hosting
July 4, 2013 05:28 am GMT

Consolidation Heats Up In Subscription Economy, As Quarterly Buys Celeb-Endorsed Rival 12Society

Screen shot 2013-07-03 at 5.22.48 PMToday, TechCrunch has learned that Quarterly.co, a subscription giftbox service that features monthly instalments curated by respected entrepreneurs, designers and organizations is buying 12Society, a rival startup with a similar, celebrity-endorsed approach to subscription commerce. Terms of the deal are not yet being disclosed, although a source tells us that it's a small cash and equity deal that is expected to officially close in the next week or two and will lead to the closure of 12Society this summer.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/8B2GfuddGF0/

Share this article:    Share on Facebook
View Full Article

Techcrunch

TechCrunch is a leading technology blog, dedicated to obsessively profiling startups, reviewing new Internet products, and breaking tech news.

More About this Source Visit Techcrunch