Groupon expands into Europe with acquistion

Groupon, the daily deal offering, has purchased Germany-based City Deal for an undisclosed sum, according to All Things Digital. The move puts Groupon into the European arena of “social buying.” Writes Venture Beat, the deal puts “…the company’s total reach to 18 countries and 140 cities. It also means the company has effectively tripled in size to 900 employees.