eBay, Groupon join forces
The fast-growing daily deal website will offer coupons on the auction site.
By Olivia Oran, TheStreet
Under the partnership, eBay users will find Groupon's deals throughout the site, like discounts on skin care products and restaurants. Members of eBay's rewards program who purchase the Groupon deal of the day will receive 5% of the purchase price in eBay Bucks.
Groupon offers discounts with local businesses in more than 250 markets around the U.S. and Canada. Subscribers receive e-mail alerts about the deals, which are activated only when a minimum number of people agree to buy.
Shares of eBay were down 0.4% to $27.97 in afternoon trading.
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The solid report comes a month after the retailer closed all of its Canadian operations.
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