Market Overview

Google Scoops Up Daily-Deals Startup Dealmap


Google (NASDAQ: GOOG) said on Monday that it had agreed to acquire The Dealmap, a startup that aggregates daily-deal offers from around the web. Terms of the deal were undisclosed, but The Dealmap's talent and technology are expected to help bolster Google Offers deals site.

The Dealmap was founded in May 2010 in Menlo Park, California, by Jennifer Dulski and Chandu Thota. It collects deal information from more than 425 sources and groups the deals by location. Some 400,000 offers per day provide about $10 million in savings daily. The company has about 2 million users, with another 85 million visitors coming by way of its partner network. The Dealmap also powered Microsoft's (NASDAQ: MSFT) Bing Deals.

“We believe Google provides the ideal platform to help us accelerate our growth and fulfill our mission,” Dulski wrote in the company's blog. “We're passionate about helping people save money while having great local experiences, and in Google we've found the perfect partner that shares this passion, as well as our vision and strategy.”

This is Google's latest move into the increasingly lucrative daily deals arena, following the Internet search giant's failed attempt to acquire Groupon last year.

Posted-In: Bing Bing Deals Chandu ThotaM&A News Entrepreneurship Startups Tech


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