Google Strikes Deal To Get Daily Deal Service

SAN FRANCISCO (AP) — Google’s latest deal is aimed at helping people find the best daily deals on the Web.

The Internet search leader bought Dealmap, a 15-month-old startup that compiles discount offers from local merchants scattered in markets across the nation.

The financial terms of the acquisition announced Tuesday weren’t disclosed.

Google Inc. bought Dealmap just a few weeks after starting its own daily deal service to compete with Groupon and LivingSocial, the early leaders in one of the Internet’s fastest growing advertising niches. Google’s version, called Offers, currently distributes daily deals in New York, the San Francisco Bay area and Portland, Ore.

Dealmap, based in Menlo Park, Calif., has built a database that lists deals from more than 450 different sources. It says it has more than 2 million users.

(© Copyright 2011 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Comments

Leave a Reply

Fill in your details below or click an icon to log in:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Los Angeles

KNX 1070 Newsradio
Play.It

Listen Live