15 Dec '11, 12am

Dealised acquires Hong Kong-based Lokaly to drive Asian expansion by @joashweecikai

Dealised acquires Hong Kong-based Lokaly to drive Asian expansion by @joashweecikai

Hello there! If you are new here, you might want to subscribe to the RSS feed for updates on this topic. Powered by WP Greet Box About five months ago, we covered Dealised’s funding from SingTel Innov8 and their headquartering in Singapore . Today, the group-buying technology services platform announced their acquisition of Hong Kong-based Lokaly Network Limited (LNL) which will drive their expansion across Asia. LNL is the owner of group buying services platform Lokaly and consumer group buying site ValuUp . According to Dealised CEO, Jonathan Marchbank , ” A lot of it [the acquisition] was all paper deal. So they [the founders of LNL, Doug and Matt Aitken] took a percentage of Dealised shares, which was valued on their current and potential turnover. Honestly, it was a very easy transaction because what they wanted to do was grow and to be part of a bigger organization. ...

Full article: http://e27.sg/2011/12/15/dealised-acquires-hong-kong-base...

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