CityPockets Acquires DealBurner

Consolidation comes to the daily deals arena. New York startup CityPockets said in a blog post Wednesday it acquired instant deals service DealBurner. No financial terms were disclosed. One-year-old CityPockets is a secondary marketplace for reselling daily deals. DealBurner, founded in July, is a text message–based service that aggregates instant deals from such sources as Groupon Now and LivingSocial Instant. Jason Fertel, DealBurner’s founder, joins CityPockets as its chief product officer. CityPockets’s investors include Great Oaks Venture Capital, MI Ventures, and LaunchBox Digital.

Author: João-Pierre S. Ruth

After more than thirteen years as a business reporter in New Jersey, João-Pierre S. Ruth joined the ranks of Xconomy serving first as a correspondent and then as editor for its New York City branch. Earlier in his career he covered telecom players such as Verizon Wireless, device makers such as Samsung, and developers of organic LED technology such as Universal Display Corp. João-Pierre earned his bachelor’s in English from Rutgers University. View all posts by João-Pierre S. Ruth