LivingSocial buys France's Dealissime.com

Jun 01, 2011

Online bargain site LivingSocial is buying French daily deal site Dealissime.com in a bid to take on Groupon in France.

The Washington-based LivingSocial announced on Wednesday that it was buying Dealissime and an online display founded by a former executive, SocialMedia.com.

Financial details of the were not disclosed.

"LivingSocial looks for companies that have similar values and ways of working," LivingSocial co-founder and chief executive Tim O'Shaughnessy said.

"The team at Dealissime shares our drive to change the face of local commerce by working directly with merchants to craft handpicked deals that entice, surprise and delight our members," O'Shaughnessy said in a statement.

"The addition of Dealissime is one of the next steps in our aim to offer great value to merchants and customers worldwide," he said.

Launched in April 2010, Dealissime currently offers group-buying deals in Paris, Marseille and Lyon and plans to expand to Lille and Bordeaux.

Dealissime was founded by Lara Rouyres and Tatiana Jama and LivingSocial said the company's current team will remain in place.

"We are very enthusiastic about this strategic move and confident in LivingSocial's ability to offer the same level of high-quality deals, customer service and to help us to accelerate our expansion in France," Jama said.

LivingSocial's acquisitions were announced as Google began testing its own bargain service on Wednesday in a challenge to the Chicago-based market leader Groupon and others offering online discounts.

Google Offers will begin testing in Portland, Oregon, and eventually expand to New York City and the San Francisco area.

Groupon, which claimed 50 million subscribers at the start of this year, rejected a reported $5 billion takeover offer from Google last year.

In April, began testing a deals program in five US cities in a bid to expand its beyond advertising and carve out a niche in the rapidly growing online bargain space.

With the acquisition of Dealissime, LivingSocial said it now has a presence in 13 countries.

Explore further: Amazon loss widens despite climbing sales

add to favorites email to friend print save as pdf

Related Stories

Amazon invests $175M in Groupon competitor

Dec 03, 2010

(AP) -- Amazon.com Inc. said Thursday that it invested $175 million in social coupon service LivingSocial - the latest sign that the online retailer is delving into promising new methods of e-commerce.

Groupon bargain service taps ex-Google exec

Apr 22, 2011

Online bargain hunter Groupon announced the appointment of former Google executive Margo Georgiadis on Thursday, saying she would oversee global sales, marketing and operations.

Startup serves up bargains to online shoppers

Apr 05, 2011

As startups rush to offer smartphone users coupons for discounts at nearby shops, Dealpulp.com is out to woo the bargain hunter inside online shoppers across the United States.

Recommended for you

Nokia profits rise after sale of handset division

21 hours ago

(AP)—Telecommunications and wireless equipment maker Nokia Corp. saw its shares surge on Thursday after it reported higher profits and an improved earnings outlook in the wake of its sale to Microsoft of its troubled handset ...

Swiss drug maker Roche posts 7 percent profit drop

23 hours ago

(AP)—Swiss drugmaker Roche Holding AG on Thursday posted a net profit drop of 7 percent compared with a year ago, weighed down by a strong Swiss franc and charges from one of its diagnostic units.

Cheaper wireless plans cut into AT&T 2Q profit

Jul 23, 2014

(AP)—AT&T Inc. on Wednesday posted lower net income for the latest quarter due to cheaper cellphone plans it introduced as a response to aggressive pricing from smaller competitor T-Mobile US.

User comments : 0