JPMorgan Chase & Co. agreed to acquire online coupon site Bloomspot Inc. for $35 million to bolster its credit card division, according to a memo obtained by Bloomberg News.

The deal will bring Bloomspot’s technology and about 100 employees into the credit card unit, which plans to expand its local offers business, Bloomspot Chief Executive Officer Jasper Malcolmson said in the memo, which was e-mailed to investors.

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