Groupon buys VC-backed Ideeli

Ecommerce company Groupon has acquired Ideeli, the latter announced in a blog post on its site. No financial terms were disclosed; however, various news outlets report the sum to be $43 million. Based in New York, Ideeli is a flash sale website. Its backers included Kodiak Venture Partners, betaworks, Constellation Partners, StarVest Partners, Next World Capital, Cue Ball and Credit Suisse.