CHICAGO--()--Groupon announced today that is has acquired Citydeal, the world’s largest Groupon clone. Operating in more than 80 markets in 16 countries, Citydeal has quickly proven the power of the Groupon model across Europe, saving its one million subscribers more than $5 million USD this April alone.
“The name Groupon is synonymous with social commerce”
Citydeal 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."
"The name Groupon is synonymous with social commerce," said Daniel Glasner, Citydeal co-founder. "We are excited to be joining forces with what is emerging as one of the great global Internet brands."
Citydeal will transition to the Groupon brand name and site design in the coming months. Combined, Groupon is now bringing e-commerce to local businesses in over 140 cities across 18 countries.
Groupon, launched in November 2008 in Chicago, features a daily deal on the best stuff to do, eat, see, and buy in over 140 cities across the world. Groupon uses collective buying power to offer unbeatable prices and provide a win-win for businesses and consumers.