Ikea buys TaskRabbit, the number-one provider of flatpack furniture assembly
Ikea, a Swedish company famous for its flat-pack furniture and meatballs, has bought TaskRabbit, the Uber for getting people to do random chores for you. The wholly unexpected move pushes Ikea into a brand-new market and makes it a serious player in the Silicon Valley "gig economy." It should also mean that getting someone else to build your flat-pack furniture will be easier than ever.
Recode first reported on the deal, which is not yet fully official. According to its sources, TaskRabbit will remain an independent unit within Ikea, and CEO Stacy Brown-Philpot will stay on, along with TaskRabbit's staff. The price of the deal was not revealed, but TaskRabbit's most recent valuation set the company's worth at around $120 million.
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