Seattle-based company acquires Chitown Deals

Posted June 2, 2010 at 5:25 p.m.

By Wailin Wong | A Seattle-based company announced Wednesday that it has acquired Chicago’s Chitown Deals, a sign that the fast-growing number of daily deal Web sites has primed the industry for consolidation.

Financial terms of the deal were not disclosed. Tippr, the Seattle company, has rolled out its group-buying model to 10 U.S. cities, including Chicago, New York and Los Angeles. Tippr kept Chitown Deals’ original branding and community on the local company’s website.

Chicago-based Groupon, the leader in the daily deal space, acquired a European rival earlier this month.

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