Online used-book marketplace Alibris’s parent company is acquiring Oregon-based marketplace selling solutions company Monsoon for a combination of cash and stock. (Monsoon helps sellers list their good across multiple marketplaces.) Alibris owner Oak Hill Capital provided funding along with additional bank financing. The two companies will continue to operate separately. Monsoon ceo Kanth Gopalpur will continue to run the company. He says in the announcement, “This transaction will provide the combined Monsoon-Alibris customer base with even more opportunities to expand their businesses and increase sales. We will be able to take advantage of additional resources, technology, and capital in order […]
