TripAdvisor Buys Luxury Travel Site Jetsetter From Gilt

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http://techcrunch.com – Word has just come in that TripAdvisor has acquired Jetsetter, Gilt’s private community for exclusive travel deals. Reports back in October had suggested that Gilt was attempting to spin off Jetsetter at a rumored price somewhere between $30 million and $50 million. These reports came just months after Jetsetter CEO Drew Patterson was asked to step down following so-called “mutiny” among the employees and an exodus of senior executives. At the end of last year, Jetsetter accounted for less than 10 percent of Gilt’s overall revenue. With Gilt looking to go public sometim (IT news)