Daily deals websites Groupon and LivingSocial are rivals no more. The two companies announced this week that Groupon will acquire all of the outstanding shares of LivingSocial, Inc. According to an extremely brief announcement by Groupon, the acquisition is expected to be finalized by early November 2016, subject to “satisfaction of customary closing conditions.”
LivingSocial had a bit more to say on the acquisition, stating that “the terms of the transaction are not disclosed” but that the acquisition “brings together the two pioneering companies in the local space to help merchants grow their business and consumers get great value on local services and activities.”
LivingSocial also says there will be no change for consumers or merchants. “The company will remain focused on providing even better experiences to its users as part of the Groupon family in the future.”
That’s good news for FatWallet users who use the “local deals” section of our site to find the best deals close to home. We’ll still be bringing you the best of Groupon and LivingSocial every day. If you’re not familiar with how to access your local deals from FatWallet, here’s a quick tutorial:
Make sure you’re logged into your FatWallet account. Then click on or hover your mouse over “City Deals.” If your city isn’t displaying in the main navigation bar, don’t worry. We’ll show you how to fix that in just a minute.
If you hovered your mouse, you’ll get a drop-down menu with options for nearby cities or popular cities. Pick your poison. Or city. You know what we mean.
After selecting a city, you’ll be taken to that city’s local deals. If you want to change the city, click on the “change city” button.
We’ll keep bringing you updates on the acquisition as more details become available. Until then, happy saving with local deals from both sites!