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In page IParty:

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In March 2013, iParty announced that it had accepted an offer to be acquired by Party City in a deal worth around $38 million.[1] The company cited financial issues stemming from the effects of Hurricane Sandy in late-2012 (which disrupted the Halloween season) as a motive for the decision to explore strategic alternatives. iParty's stores were re-branded under the Party City brand.[2]