Thursday, December 2, 2010

WhaleShark Media Buys RetailMeNot.com

Austin-based WhaleShark Media, which operates a number of online coupon and deals sites, said today that it has acquired RetailMeNot.com, an online coupon site. Financial terms of the acquisition were not disclosed, however, WhaleShark Media said it received funding from Austin Ventures, Norwest Venture Partners (NVP) and Adams Street Partners for the transaction. RetailMeNot.com offers up coupon codes and deal listings, and has over 95 million unique visitors per year. WhaleShark Media is headed by Cotter Cunningham. WhaleShark said it was advised by Stifel Nicolaus Weisel and DLA Piper in the deal.