CafePress To Acquire T-Shirt Competitor Logo?d Softwear For $8.3M
CafePress, the company that allows customers to design, buy and sell merchandise including t-shirts, hats, bags, mugs, stickers, and more, has entered into an agreement to acquire customized clothing seller Logo'd Softwear, Inc. The acquisition, which was noted in an amendment recently filed to CafePress, Inc.'s S-1, states that the agreement allows CafePress to purchase all the assets of Logo'd for $8.3 million, with $7.5 million in cash and $800,000 in shares of common stock. Launched in 1999, CafePress filed its IPO papers back in June 2011. Last week, the company provided more details about its plans. CafePress took in $175.5 million in revenue last year, up 37% from $127.9 million in 2010.Source: http://feedproxy.google.com/~r/Techcrunch/~3/iQHUMan74Cc/