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The daily-deal site pioneer acquires CityDeal, a European version of itself, bringing its operation to 18 countries and 140 cities.
As rumors escalate about Groupon's own potential acquisition, the company makes an acquisition that could improve its technology--which is currently very easy for competitors to replicate.
The search giant has acquired German company DailyDeal for an undisclosed sum. DailyDeal operates in Germany, Austria, and Switzerland.
Sources tell AllThingsD that the search titan is in discussions pointing toward a possible acquisition of local-deals powerhouse Groupon, though hardly at a discount.
The company that pioneered the daily-deals business is seeking $750 million in the offering, following the recent IPO from LinkedIn.