The story
RetailMeNot was founded in 2006 by Australian entrepreneurs Guy King and Bevan Clark. The two had previously collaborated on BugMeNot, a site that allowed users to share fake identities in order to avoid website registrations and content paywalls, and a content management system. The company was acquired by Whaleshark Media in 2010. The company raised $300 million in funding from Austin Ventures, Norwest Venture Partners, Adams Street Partners, Institutional Venture Partners, JP Morgan and Google Ventures. Eventually acquiring the already established coupon site RetailMeNot.com from Australia, the company changed its name in 2013 to RetailMeNot.
As Whaleshark Media, the company acquired sites in the US and Europe. After changing its name to RetailMeNot in June 2013 for branding purposes, the company filed an IPO for $230 million in 2013. The company traded on Nasdaq's large-cap Global Select Market under the symbol SALE.
In April 2017, Harland Clarke Holdings (HCH), a payment and marketing services firm, announced to acquire RetailMeNot in a deal worth $630 million in equity. On February 6, 2020 HCH announced that it would relaunch itself as Vericast.
The company established annual National Cashback Day during the month of November where shoppers can receive up to 20% cash back on online purchases made on that day from about 300 national retailers such Banana Republic, Bloomingdale's, Estée Lauder, Gap, and Macy's.
In September 2020, RetailMeNot was in early talks with potential buyers, with a target price of between $500 and $600 million. On September 29, 2020, J2 Global, Inc.—a leading internet information services company—announced it entered into a purchase agreement to acquire RetailMeNot from Vericast for approximately $420 million. The acquisition was completed in October 2020.
From Wikipedia’s article on RetailMeNot, shared under CC BY-SA 4.0.7