The announcement--made in conjunction with the Web 2.0 Summit conference where Yahoo Deals service, but this will bring in 20 partners at first (and more to come), including Groupon, LivingSocial, HomeRun, Tippr, and Gilt's Gilt City.is slated to speak later in the day--explained that the former search giant, still trying to figure out a sense of direction, plans to build "one of the largest and most comprehensive repositories of local offers on the Internet." It's launching in a limited beta in the U.S. Yahoo already offers its own
The structure of Yahoo Local Offers isn't entirely clear, but it'll likely be in the vein of the start-up companies like Yipit and The Dealmap that have already popped up to aggregate local deals. It's also unclear how Yahoo's plans will take into account the fact that local deals are taking a turn for the mobile, thanks to Facebook's recent announcement of , and the rise of deals and offers on start-ups like Foursquare.
There have been reports that Yahoo has tried (thus far, unsuccessfully) to acquire deals market leader Groupon.