Report: Gilt Puts Jetsetter Up for Sale at Around $50 Million [UPDATED]

Source says the price is in the range of $30 million to $50 million.

After a tumultuous spring that led to staffer mutiny and the ouster of CEO Drew Patterson, Gilt Groupe has decided to put its travel site up for sale, according to sources who talked to The Wall Street Journal. The Journal reports that the company has been shopping around Jetsetter for the past few weeks with an asking price around $50 million, but so far no interested bidders have taken the bait.
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Report: Gilt Puts Jetsetter Up for Sale at Around $50 Million [UPDATED]