Kozmo Reportedly to Buy Urbanfetch

Share this content:
Kozmo.com may acquire rival Urbanfetch.com by the end of this week, according to a news report Monday.


Citing several unnamed sources, the report said the two same-day delivery Internet shops, which sell CDs, books, snacks and consumer electronics, have been in talks for several months. The deal may be completed this week, though several substantial issues need to be resolved.


The merger, which would likely be an all-stock deal, would benefit both companies through labor cuts in both their back-office operations and courier staff, the report said.


A great deal of bad blood has passed between the two companies. Kozmo, New York, sought a court injunction claiming that Urbanfetch stole its business model. The two settled out of court in December.
close

Next Article in Digital Marketing

Sign up to our newsletters

Company of the Week

Brightcove is the world's leading video platform. The most innovative and respected brands confidently rely on Brightcove to solve their most demanding communication challenges because of the unmatched performance and flexibility of our platform, our global scale and reliability, and our award-winning service. With thousands of customers and an industry-leading suite of cloud video products, Brightcove enables customers to drive compelling business results.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above