After almost a month of speculation, James Packer, along with a prominent hedge fund, has moved to invest in daily deals sites Catch of the Day and Scoopon.
Packer’s Consolidated Press Holdings and New York-based Tiger Global Management teamed up with Andrew Bassat, co-founder of Seek, and Glenn Poswell of Gannet Capital in a consortium bid to pick up a massive stake in the daily deals sites.
The consortium is set to control 40 per cent of the deals business, owned by Gabby and Hezi Leibovich, with the investment pegged at $80 million — via redwolf.newsvine.com
Share this Story
RSS – Posts