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Google And Yahoo To Take On Groupon With New Deal Sites

  • Thomas Oppong
  • Jan 21, 2011
  • 1 minute read

Google Inc., after failing to acquire daily-deals website Groupon Inc., said it is preparing to test a competing service (Google offers) that offers deals to local businesses such as restaurants. Nate Tyler, a Google spokesman, said the company is “communicating with small businesses to enlist their support and participation in a test of a prepaid offers/vouchers program.

In an article released on Mashable, Google Offers will be powered by Google Checkout. It also includes Facebook, Twitter, Google Reader, Google Buzz and e-mail sharing options.

Groupon, which received a nearly $1 billion in private investment after walking away from the Google offer, has been hearing proposals from investment banks about a proposed initial public offering.

Google may be working on a way to allow customers to pay for goods at local shops with their mobile phone using what is called near-field communication technology they acquired last year from zetwire.

Yahoo!7 has acquired an Australian group buying site Spreets for $40 million just 12 months after the site launched to provide the local market with similar functionality as multi-billion-dollar US company, Groupon.

Spreets, the first group-buying site in Australia and New Zealand, has half a million members, with more than 274,000 vouchers purchased since its launch.

In Australia, Yahoo operates its sites through Yahoo!7, a joint venture between the global company and local television and media group the Seven Network.

Thomas Oppong

Founder at Alltopstartups and author of Working in The Gig Economy. His work has been featured at Forbes, Business Insider, Entrepreneur, and Inc. Magazine.

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