Groupon Buys Zappedy for $10.3 Million

Groupon has acquired Zappedy for $10.3 million, according to a document filed with the SEC today. A Groupon spokesperson confirmed the deal but declined to elaborate on the details. Already, Zappedy’s site has been shut down; in its place is the message: “We’re excited to join the Groupon Team.” TechCrunch, which caught wind of the acquisition earlier this month, reported that the company has a couple of different business models, but started off helping small merchants to easily create Web sites and advertise online through social media and daily deals.


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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald