NTUC Link announced on Thursday that it has acquired BigDeal.sg for an undisclosed sum, which makes it the second Singapore daily deals site to be bought over.
Some background: NTUC Link runs the Plus! loyalty program, a rewards scheme for members of NTUC, a network of labor unions in Singapore. And besides being a trade union, NTUC also runs a chain of FairPrice supermarkets selling cheap groceries. They also offer cheap insurance through NTUC Income. The acquisition sorta makes sense, if you think about it — let’s just hope the valuation wasn’t bargain bin material. Full Story
