GoNabit, the Middle East's home-grown website for daily deals, has been acquired by the US internet giant LivingSocial, in a landmark deal for the region's fledgling digital industry.
The Dubai company offers group buying deals for businesses including restaurants, salons and hotels.
There has been an explosion of interest in such sites since Groupon, the market leader in the US, last year rejected a US$6 billion (Dh22.03bn) takeover by Google. The internet-search giant has since launched its own Google Offers product, while rival Facebook has also entered the fray.
I wonder what these latest acquisitions and take overs mean for the UAE market. I regularly shop at moosavings.com but if it was snatched up by a bigger fish in the market, would less competition leave me better off or worse off?
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