June 2, 2010 at 5:25 p.m.
Filed under:
M&A
By Wailin Wong | A Seattle-based company announced Wednesday that it has acquired Chicago’s Chitown Deals, a sign that the fast-growing number of daily deal Web sites has primed the industry for consolidation.
Financial terms of the deal were not disclosed. Tippr, the Seattle company, has rolled out its group-buying model to 10 U.S. cities, including Chicago, New York and Los Angeles. Tippr kept Chitown Deals’ original branding and community on the local company’s website.
Chicago-based Groupon, the leader in the daily deal space, acquired a European rival earlier this month.
May 4, 2010 at 11:04 a.m.
Filed under:
Consumer news,
Internet
Andrew Mason and his company Groupon have inspired clones and aggregators throughout the U.S. (Antonio Perez/Chicago Tribune)
By Wailin Wong
| Chicago-based Groupon, the Web-based daily deal service, has inspired
dozens of clones. Now the number of Groupon-like websites has spurred
growth in an ancillary industry: deal aggregators.
Chicago-based Dealradar.com announced Tuesday that it has renamed and
overhauled its site, which was launched in February as Local Offer
Lounge. Dealradar covers daily deals from more than 80 websites in about
60 cities, including Chicago. According to Dealradar, some cities have
so many competing services that their residents would have to read at
least 15 e-mails every day to keep current on all the daily local
offers.
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