Employer.com Offers to Buy Shuttered Startup Level

Employer.com, part of a San Francisco–based company pursuing buyouts of human resources companies, recently offered to acquire troubled benefits startup Level, according to a person with direct knowledge of the deal. The talks, which are ongoing, come just days after Level said it was shutting down because a different acquisition fell through.

Employer.com has proposed paying roughly $30 million in cash and stock for Level, a low multiple to New York–based Level’s annual revenue, according to the person with direct knowledge. Level’s revenue couldn’t be learned. It’s unclear if there are other bidders for the business.