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Online coupon site RetailMeNot acquired for $630 million

Harland Clarke, a payment and marketing services firm, will acquire online coupon site RetailMeNot in a deal worth $630 million in equity. Harland Clarke will pay $11.60 per share in cash, which is about 50% higher than the stock’s closing price of $7.75 on April 7. A subsidiary of MacAndrews ...

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Waiting for the new new thing

The smartphone wars are over, and everybody won. Life without our phones is almost unthinkable. I just spent the last five days on a couple of remote Pacific islands, and every so often I’d look up and see a flower-garlanded local child immersed in a Samsung tablet – and this ...

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Gig economy stalwart TaskRabbit is contemplating a sale

One of the earliest and most prominent startups of the so-called “sharing economy” or “gig economy,” is evaluating the possibility of selling itself. As reported by Recode, freelance work marketplace TaskRabbit acknowledged that it is contemplating a sale after receiving inbound interest from a possible strategic buyer. TaskRabbit launched in early 2008 ...

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Stripe’s Patrick Collison says no to an IPO any time soon

You can imagine that Stripe CEO Patrick Collison is asked a lot about whether his San Francisco-based payments company plans to go pubic any time soon. Last year, the seven-year-old company raised $150 million in a deal co-led by General Catalyst Partners and CapitalG that valued the startup at $9.2 billion, ...

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