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The search giant has acquired German company DailyDeal for an undisclosed sum. DailyDeal operates in Germany, Austria, and Switzerland.
The company that pioneered the daily-deals business is seeking $750 million in the offering, following the recent IPO from LinkedIn.
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.
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 daily-deal site pioneer acquires CityDeal, a European version of itself, bringing its operation to 18 countries and 140 cities.