Kozmo Reportedly to Buy Urbanfetch

Share this article:
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.
Share this article:
close

Next Article in Digital Marketing

Follow us on Twitter @dmnews

Latest Jobs:

Featured Listings

More in Digital Marketing

News Byte: CX Scores to Take Their Place Beside Price Listings

News Byte: CX Scores to Take Their Place ...

E-commerce aggregator PriceGrabber will begin offsetting price info with service expectations.

Data Byte: Interactive Ad Revenues Exceeding TV for the First Time

Data Byte: Interactive Ad Revenues Exceeding TV for ...

At nearly $43 billion, interactive advertising revenues exceeded broadcast for the first time in 2013.

Marketers: Data Rich and Knowledge Poor

Marketers: Data Rich and Knowledge Poor

While advertisers have become incredibly data-savvy, the most difficult challenge remains causally linking that data to outcomes that really matter.