Jump On It Bought By LivingSocial

March 3, 2012: LivingSocial has reportedly bought the 65% of Australian group buying site Jump On it didn't already own for more than $40m. Meanwhile, Adam Rigby, of the three Jump On It founders, has been named CEO. Colin Fabig will remain chairman while the third founder James Gilbert has left the company. Mr Rigby claimed Jump On It is Australia's "number one" group buying site.

 

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