Startup launch service
LaunchRock just announced that it has acquired
Giftiki, a startup that allows friends to pool their money to buy more valuable gifts.
The financial terms aren’t being disclosed, but LaunchRock co-founder and CEO Jameson Detweiler says Giftiki service will be shut down. Judging from the tongue-in-cheek press release, this sounds like a classic acqui-hire, with LaunchRock acquiring the company for its team, not its product.
Read the full story
here.
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