Group-buying space braces for Google Offers entry

Google is planning to launch Google Offers, a deal-a-day competitor to group-buying site Groupon after failing in its $6bn bid to acquire the latter last year. Social media website Mashable broke the news overnight providing exclusive documents to verify the news. In the US, group-buying is mega business with Groupons 12 month revenue to Sep 2010 at 465 million and plans for an IPO later this year. The No.2 LivingSocial has entered into a partnership deal with Amazon and yesterday broke the industry record, selling 1.3mn deal vouchers by offering $20 Amazon gift cards for $10. As competition grows, each … Continue reading Group-buying space braces for Google Offers entry