Online local deal discounter Groupon has acquired its European competitor, Citydeal.
Citydeal operates in more than 80 markets in 16 countries. The company was founded in November 2009 by a group of European entrepreneurs, including the Samwer Brothers, founders of eBay Europe. The site ran its inaugural deal in Berlin in January 2010, and has since opened offices in the United Kingdom, France, Spain, Italy, and other major European countries, currently employing more than 600 people.
“Citydeal’s rapid growth across Europe has proven that the Groupon model is truly global,” said Andrew Mason, Groupon’s founder and CEO. “By coming together, we are establishing Groupon as the company that not only invented, but now universally defines this new model of commerce.”
Citydeal will switch over to the Groupon brand name and site design in the coming months.
- Groupon acquires mob.ly Posted on May 7, 2010
- Groupon raises more funds at a $1.2 million valuation Posted on April 18, 2010
- Groupon has raised a Series B financing round of $30 million December 2, 2009
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