Google sells DailyDeal back to founders

25 Feb 2013

If anyone still lived under the illusion that all was well in the world of the daily deal, then this news will wake him up: Google withdrew from Germany’s daily-deal market last week.

The majority stake it had acquired in German-born for $114 million in Sept. 2011 was sold back to the co-founders Fabian and Ferry Heilemann (photo) for an undisclosed amount. The brothers said they w

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Christo Volschenk

Christo Volschenk is managing editor of the news on and our senior analyst covering Naspers. He brings more than 31 years of experience in business journalism to the team - the last 18 years focused on classifieds and e-commerce. Apart from working closely with the AIM Group, Christo is a freelance journalist, content manager, and copy editor. Before branching out on his own, he spent 15 years with Naspers in South Africa as journalist, economics editor and online project manager. He now spends most his day editing the news reported by 23 colleagues in 23 countries from his base in Stuttgart, Germany.