Done Deal: ReachLocal Buys DealOn for $10 Million

ReachLocal, a search-engine marketing company for small and medium-size businesses, has acquired DealOn Media, a daily deals site–and it paid much less than the $6 billion Google was willing to spend on Groupon. ReachLocal said it coughed up $10 million for the two-year-old company, which operates in 18 U.S. markets and works with other publishers as a white-label provider.