Thursday, February 3, 2011

Local Q&A Site Hipster In Acquisition Talks With Groupon

You guys aren't going to believe this: We're hearing that daily deals site Groupon has been aggressively trying to acquire local Q&A site Hipster for a�number below $10 million,�and that's before Hipster has even formally launched! A slew of press coverage originating here has turned the site with a funny name into a media darling.

One source is telling us that Hipster has been making the rounds of Silicon Valley VC firms as well as boardrooms and was talking with Google about a possible talent acquisition (who isn't?) before the talks turned into more of an investment prospect for Google Ventures than an acqui-hiring prospect for the mothership due to Hipster's desire for a better return.

PALM OSI SYSTEMS

No comments:

Post a Comment