Dealfind and Teambuy Merge Imminent, Sources Say

Posted by Knowlton Thomas

Dealfind and Teambuy are two of the largest daily deals companies in Canada. And if sources cited by the Canadian Deals Association are correct, the two may be merging imminently in what would be the biggest deal in the country's industry to date.

"We have gotten news from our industry sources that Dealfind and Teambuy, two of Canada’s leading deal providers, have just or are about to merge," the CDA writes. "This is big news indeed and comes five months after the other largest deal in Canada in this industry where Wagjag and Tuango got together to buy the assets of Dealoftheday from the Yellow Pages."

While neither Teambuy nor Dealfind have confirmed the accuracy of the report, the CDA affirms its sources "are usually correct." The association also offers a few thoughts on the deal, suggesting a new brand name, and that "at least" one or two cofounders will leave their company as a part of the deal.

Company:
Dealfind
Website:
http://www.dealfind.com
Location:
Toronto, Ontario, Canada

Dealfind is a branch of MenuPalace.com which started in 1999. Since May, 2010 this online group buying website has sold over 750,000 vouchers, and has saved consumers over $112,000,000. The 72nd most visited site in Canada, the company is also listed as the 626th most visited site in the United States* and the 2,734th most visited site in the world*. Dealfind employs 130 staff and can credit its growing success to... more

Company:
TeamBuy.ca
Website:
http://www.teambuy.ca
Location:
Toronto, Ontario, Canada

TeamBuy.ca is a Canadian-based team-buying website that launched in Toronto in October 2009. The site secures impressive savings by using team-buying power, giving users the benefit of buying in bulk without actually having to. Each feature depends on a minimum number of buyers signing up; if the Buy is successful, a Team Ticket is sent via email within 24 hours to those who purchased. If the target number of... more


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Knowlton Thomas

Knowlton Thomas

Knowlton is the managing editor of Techvibes. Based in Vancouver, Knowlton has been published in national publications and has also appeared on television and radio. Previously he was an editor for New Westminster weekly The Other Press and served on its board of directors. When not working, Knowlton enjoys playing tennis or otherwise enjoying the outdoors. more



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