Daily Deals

Alma Media backs up Urakkamaailma.fi

Alma Mediapartners, a subsidiary of Alma Media, acquired 15 percent of the share capital of Remonttibulevardi Oy. The company develops Urakkamaailma.fi, a real estate renovation marketplace. On Urakkamaailma both property managers and consumers are able to publicly ask for bids for their renovations, and the contractors find new customers there. At the moment there are about 2,000 contractors...

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Groupon ‘done’ deals 240,000 in Q2

While still struggling financially as of Q2 2014, Groupon’s (NASDAQ: GRPN) transition to mobile-focused  push marketplace is resulting in more consumers buying more deals for more money. Gross billings increased 29 percent to $1.82 billion, and revenue increased 23 percent to $752 million.  In Q2 Groupon completed 240,000 transactions. In the second quarter, active customers...

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Telegraaf Media offers to buy NRC Handelsblad

The Dutch Telegraaf Media Groep (TMG) extended an offer to buy NRC Handelsblad for €90 million ($120 million U.S.), the Dutch and international media reported. So far, the offer was said to be refused by the NRC’s largest shareholder, investment company Egeria, and TMG is considering offering a higher bid. TMG is planning to finance the acquisition by selling one of its units that deals with...

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Schibsted drops the Bikhir brand in Morocco

Detail of the merger of Schibsted-owned Bikhir.ma and Avito.ma, the two leading general classified sites in Morocco, was announced this week, five months after the deal was first signed in February (our report here). The merged site will be called Avito.ma, and it will be headed by Bikhir’s manager Larbi Alaoui Belrhiti, the parties announced… This content is available to Classified...

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De Persgroep requests Dutch regulator’s approval to buy Mecom

The Dutch Authority for Consumers and Markets (ACM) was requested by Belgian media group De Persgroep Publishing to approve its acquisition of Mecom Group’s assets in the Netherlands and Denmark, Dutch regulator said Thursday (statement in Dutch available here). ACM will examine whether there will be sufficient competition in case the acquisition was approved, and is expected to make a decision...

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EBay ad GM to be LivingSocial CEO, prez

Gautam Thakar, nine-year EBay and Shopping.com veteran and GM of EBay advertising for nearly two years, is leaving the online marketplace giant to become CEO and president at the mightily-struggling deal-focused LivingSocial.   Thakar replaces Tim O’Shaughnessy, who announced his leave-taking back in January.  Here’s the announcement:  LivingSocial Names Gautam Thakar as CEO and...

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