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eBay Buys Local Shopping Site Milo.com

eBay took another step today toward becoming Amazon.com and away from the collectibles auction site we all fell for more than ten years ago when they bought Milo.com, a website that locates in-stock merchandise on the local level.

According to Business Insider, eBay payed $75 million for the company and they seem to think it’s a good buy. It may be because, as we all know,  when it comes to deals and shopping, local is everything these days. Local isn’t even a buzzword anymore, it’s a god marketers must bow down to every morning and I don’t like it.

Today’s Deal: Google Buys Groupon for $2.5B?

I think someone at Google might have had a little too much spiked apple cider over Thanksgiving, because rumors are heating up that the search giant just acquired online coupon service Groupon for $2.5 billion!

According to VatorNews…

Google has just purchased Groupon for $2.5 billion, according to an unnamed insider who spoke with VatorNews.  Neither Google nor Groupon could be reached for comment to confirm the report, but Vator’s source is reliable and the report falls in line with the recent string of Groupon acquisition rumors.

If that is true, then Groupon might just be a bigger acquisition than the monstrous purchase of YouTube back in 2006. Not only is the purchase price about $1B more, but unlike YouTube at the time, Groupon is said to be raking in as much as $50 million a month!

Are Facebook and AOL Planning a Hook-Up?

facebook-aol_390x2201Claire Atkinson of the New York Post says Facebook Chief Executive Mark Zuckerberg and AOL CEO Tim Armstrong are thinking about going into business together. While it’s pretty clear what Facebook brings to the table, what could AOL possibly have to offer that would be worth a swap? Once the only game in town when it came to social media on the web, AOL is now an aging brand name that means nothing to users under forty.

Says Atkinson, it’s AOL’s online ad marketing mojo that is of interest to Facebook, and it’s enough for the popular kid on the playground to consider hanging out with the nerd.

“Think of Tim Armstrong’s former role running ad sales for Google and think of where Facebook needs help.”

Affiliate Marketing Company VigLink Acquires Rival DrivingRevenue

viglink“We met for dinner in Chicago. We liked each other.  Our companies had very complementary strengths.  One thing led to another.”

Sounds like an influential CEO confessing to an elicit affair, but it’s really VigLink CEO Oliver Roup talking about how his company happened to acquire rival DrivingRevenue this past Friday. It began with an email from Revenue’s Raymond Lyle and Jack Bafia saying they should talk. That was in May, so it was quite a rush to the alter. Says Roup;

“We’re very excited to be joining forces. Ray is going to lead the sales and merchant relationship team and run our Chicago office. Jack will be moving to San Francisco to assume leadership of the product team. Everyone else is keeping their job as well.  They’ve all made a big bet on the future of the combined business. They are doubling down, not cashing out.”

Yahoo Japan Disses Bing, Picks Google as New Search Partner

Holy smack in the face Batman! Yahoo Japan just signed a 2-year deal with Google!

Yes, with Google! Not, Bing!

Before the word “mutiny” jumps to your prefrontal cortex–your “mind” for the rest of us–you need to know this: Yahoo holds only a 35% stake in Yahoo Japan, so the search engine couldn’t put its foot down and insist that Bing be the search engine of choice.

Still, what an embarrassment! I mean, Yahoo Japan basically just told the world that its US sibling has made a terrible mistake and it’s not prepared to make the same one!

Of course, Yahoo is having none of that, releasing its own statement on the deal:

Glam Media Moves on the Men

brashA few days ago, Glam Media, the number one vertical media company for women, announced that they were going to buy ad technology start-up AdPortal. The idea was that their tech would help bolster Glam Media’s GlamAdapt program which allows publishers to run their own self-service ad portals. The emphasis is on detailed demographics that will allow the advertisers to place ads based on very specific audience and geographic stats over a wide-range of sites all under the Glam Media roof.

AdPortal is a spin off of Sportgenic, a sports ad network. Now, with today’s announcement, it all becomes quite clear.

Glam Media is now going after the male market with the launch of their new vertical “BrashSports.”

The press release states:

IBM Reverses Mistake With Coremetrics Acquisition

Don’t you just love getting the inside scoop on a big acquisition?

I do!

So, after reading that IBM had agreed to acquire web analytics fim Coremetrics for an undisclosed sum, I was happy to find former IBMer Mike Moran share some information you may not know. Like the fact that IBM originally sold its web analytics unit to Coremetrics!

IBM doesn’t make too many mistakes, but I thought it made a big one four years ago when it sold off its SurfAid Web analytics business to Coremetrics. Today, IBM reversed course in a very smart move when it swallowed up Coremetrics to tap into its customers’ growing need for Web analytics.