Google developing Groupon competitor

2011-01-22 13:00

kalahari.com

  • The Google Story
    Read and find out all about Inside the hottest business, media and technology success of our time Now R157.00
    buy now
New York - Google Inc, which has expanded beyond its core search operations into cellphones and other products, is developing a local coupon service similar to Groupon.

Like Groupon Inc, the service, Google Offers, will offer time-limited deals from local vendors, such as restaurants. Ten dollars, for example, might buy $20 worth of food at a local cafe.

"Google is communicating with small businesses to enlist their support and participation in a test of a pre-paid offers/vouchers program," said Google Inc spokesperson Nate Tyler.

Google would not say when Offers would be available or provide any more details about its plans.

While Groupon is Google's most obvious competitor when it comes to offering local deals, the field of coupon sites has rapidly grown to include sites such as LivingSocial and Tippr. Flash sales site Gilt Groupe and the newsletter DailyCandy also offer local deals.

Google has signalled it wants to expand in local advertising. Last year, it promoted Marissa Mayer, who oversaw the company's core search products to grow the company's geographic and local services business, and gave her a seat on the company's operating committee of top decision-makers.

The company also has reportedly tried to enter the local deals business by buying prominent companies in the field.

Last year, Google, based in Mountain View, California, reportedly considered acquiring Yelp for more than $500m. And last month, it reportedly tried to buy Groupon for somewhere between $5bn and $6bn, but was rejected. Groupon has since raised an additional $950m in venture capital funding.

Currently, Google's Places service lets local businesses set up pages where the owners can post photos and other promotional information, and customers can write reviews. Then, these places can appear as pinpoints on Google's popular map network, Google Maps.

Shares of Google rose $1.12 in after-hours trading after falling $14.94, or 2.4%, to close on Friday at $611.83.
- AP

Read more on:    google  |  groupon  |  internet
NEXT ON NEWS24X

SHARE:

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
1 comment
Add your comment
Comment 0 characters remaining
 

Inside News24

 
/News
 
Traffic
Lottery
 
  • Thursday Stellenbosch - 18:16 PM
    Road name: R44 Southbound
    DELAYS between the R310 Adam Tas Street and Paradyskloof Road
  • Thursday Milnerton - 17:45 PM
    Road name: Marine Drive Northbound
    DELAYS between Boundary Road and Blaauwberg Road
 
More traffic reports...
 

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go!

Magical Massinga

Spend 5 nights at the gorgeous Massinga Beach Lodge in Mozambique and only pay for 4 from R13 220 per person sharing. Includes return flights, accommodation, transfers and romantic turndown. Book now!

Kalahari.com - shop online today

2 TV Series for R250

Get 2 TV Series box sets for R250 and save up to R148! Offer valid while stocks last. Shop now!

Pre-order the Xbox One

Get this all-in-one entertainment system with live TV, movies, social networking and gaming. Pre-order now!

Up to 50% off hair care products!

Save up to 50% on professional hair care products at kalahari.com. Offer valid while stocks last. Shop now!

30% off academic books

Score a mind blowing 30% off academic books! Offer valid while stocks last. Shop now!

Mind blowing deals on electronics!

Save up to 35% on electronics. Offer valid while stocks last. Shop now!

OLX Free Classifieds [change area]

Samsung Galaxy s4

Mobile, Cell Phones in South Africa, Western Cape, Cape Town. Date October 24

Best bargain in big bay

Real Estate, Houses - Apartments for Sale in South Africa, Western Cape, Cape Town. Date October 25

VW Golf 6, 1.6 Trendline (Excellent condition)

Vehicles, Cars in South Africa, Western Cape, Cape Town. Date October 25

Samsung Galaxy Y

The Samsung Y (Young) is tiny but powerful with Android...

From R1499.00

I'm shopping for:

Horoscopes
Aquarius
Aquarius

Your heart is big and you are sensitive to the needs of those around you. Your humanitarian side is emphasized today and you may...read more

There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.








Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.