Gilt Groupe acquires BuyWithMe

Gilt Groupe has acquired daily deals site BuyWithMe, according to reports. The acquisition will take effect on Nov. 1, according to BetaBeat, which first reported news of the acquisition on Oct. 28.

BuyWithMe will become part of Gilt City, a local deals site owned by Gilt Groupe, reported All Things Digital, which also pegged the deal's price at roughly $5 million in cash and stock.

Gilt Groupe and BuyWithMe did not immediately respond to requests for comment.

Gilt City is among the 14 daily deals providers that Google said last week will supply its Google Offers product. BuyWithMe was not included in the list.