TOP NEWS Buys Group Buying Site iTwango

Irvine-based, which operates a network of local search sites, said today that it has acquired iTwango LLC, a developer of a technology platform for the group buying and daily deals space. iTwango was based in Los Angeles. Financial terms of the deal were not disclosed. According to, the move puts it into the group buying space, where it intends to launch new products towards the middle of 2011. The firm said it will rebrand iTwango and redistribute it via its site and other local and regional sites.