eBay, Groupon join forces

The fast-growing daily deal website will offer coupons on the auction site.

By TheStreet Staff Oct 25, 2010 12:18PM

more financial and business news from thestreetUpdated at 3:15 p.m. ET

 

By Olivia Oran, TheStreet

 

EBay (EBAY) announced a new partnership Monday with Groupon, the popular coupon website that offers localized daily shopping deals.

 

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.

 

Earlier this month, Groupon also announced a partnership with Media General (MEG), bringing daily advertiser deals to the communications company's local brands like the Richmond Times-Dispatch.

 

Shares of eBay were down 0.4% to $27.97 in afternoon trading.

 

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1Comment
Oct 25, 2010 2:55PM
avatar
Well there goes Groupon.. Anything Ebay seems to touch ruins it for good. If it is a revenue stream ebay will bleed it dry!
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