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Network of the Group Buying Bandwagon

Whether the recent news of acquisitions and IPOs is a sign of even better days to come for social buying or just a passing phase, there’s definitely a lot of newcomers hoping to catch the tail-end of this sector’s meteoric rise.

August 1, 2011 2:46 by



Jordanian media company Jabbar Internet Group has taken full control of Cobone.com just shy of its first year anniversary this August. Founded by Paul Kenny, Cobone is currently billed as the Middle East’s largest daily deal website with 600,000 members across five countries and reportedly over $13 million dollars in savings. The deals offered range from restaurants to hair salons, from luxury health and beauty spas to adventure experiences and much more. Cobone raised an undisclosed amount of second-round funding from Jabbar, after the company bought out a minority shareholder, and this additional capital and takeover will allow Cobone to grow significantly.



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4 Comments

  1. deal of the day site on August 4, 2011 7:48 am

    Thanks for sharing, this is a fantastic blog. Really looking forward to read more. Cool.

     
  2. Carylon from chinese gender chart  on August 12, 2011 10:08 am

    Dubai Business | Kippreport
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  3. c sections on September 24, 2011 12:09 am

    for the guy who saidlastnightabout costs of steel sheet,it realy depends where you go to buy it, z45 as much assix ninty pounds per metric tonne and standard is around £640 per ton- hope this helps

     
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