After receiving $135m in venture capital financing to expand globally, the American discount shopping Web site Groupon acquired CityDeal.de, the largest European social commerce site working in more than 80 markets in 16 countries.
Founded in November 2009, CityDeal.de 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.CityDeal.de, which had raised €4m (approximately $5.6m) in its first round of venture capital funding, will transition to the Groupon brand name and site design in the coming months.FinSMEs
02/06/2010