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

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http://techcrunch.com – 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. While 12Society’s 11 employees are all headed in new directions, the start (IT news)