Feeds

Virgin considers dipping toes into 'daily deals' offering

Groupon clone sought, says report

Reducing security risks from open source software

Virgin is mulling a "daily deals" coupon service to compete with privately-held Groupon, Google and other web players that operate or have interest in that market.

According to today's Financial Times, an ex-Virgin exec suggested last year that the company should get in on the online coupons game.

People familiar with the plans told the pink paper that the former unnamed exec had been pitching "Virgin Deals" to would-be investors on both sides of the Atlantic over the past few months.

It's understood that if Virgin bags the funding needed for such a venture, then a service will be launched later this year offering discounts on its own brands as well as products from other firms.

According to the report, around £30m is needed to spend on advertising such a service as well as to pull together a sales team.

The Register asked Virgin to comment on this story, but it didn't immediately get back to us.

Virgin's desire to clone Groupon's biz model is hardly surprising. While it is a relatively new kid on the block, having only arrived in 2008, there has been feverish interest in its business in recent months.

In December, the Chicago-based e-commerce coupon website snubbed Google's massive $6bn buyout approach, preferring instead to raise equity and eventually take the fast-growing company public.

Google has since started work on its own rival e-coupon site. ®

Mobile application security vulnerability report

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple ran off to IBM
But never fear fanbois, you're still lapping up iPhones, Macs
Nadella: Apps must run on ALL WINDOWS – PCs, slabs and mobes
Phone egg, meet desktop chicken - your mother
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.