Consolidation Heats Up In Subscription Economy, As Quarterly Buys Celeb-Endorsed Rival 12Society

Today, TechCrunch has learned that Quarterly.co, a subscription giftbox service that features monthly instalments curated by respected entrepreneurs, designers and organizations is buying 12Society, a rival startup with a similar, celebrity-endorsed approach to subscription commerce. Terms of the deal are not yet being disclosed, although a source tells us that it's a small cash and equity deal that is expected to officially close in the next week or two and will lead to the closure of 12Society this summer.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/8B2GfuddGF0/

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