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Groupon Acquires Online Booking App, Blink

By Warren Paige

Daily deals site, Groupon Inc. (NASDAQ: GRPN) announced on Monday that it has acquired Blink Booking. Blink Booking is a Madrid based start-up which made last minute hotel booking app called Blink. The terms of the deal were not revealed though. Blink, which was founded in 2011, raised $2.5 million last year in order to expand its traction. According to Blink Booking’s website, the app at present offers last minute bookings for hotels spread across 184 cities in eight countries. The deal will help Groupon to expand its presence in Europe. The Blink app has been downloaded more than 600,000 times so far.

September 9th, 2013 | Tags: | Category: Social Media Stocks

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.