Discount website snapped up

Buyout vehicle Groupon has acquired money-saving website MyCityDeal for an undisclosed sum. Groupon recently raised $135m through a fundraiser and has been speculatively valued at about $1.35bn. MyCityDeal offers discounts on restaurants and cinema tickets in 16 European countries and employs over 600 people. In the UK, the company offers daily deals in 17 cities.