A motion has been filed by the legal representatives of Couch Commerce Inc., the group that owns TeamBuy Inc., Dealfind.com Corp., and MenuPalace.com Corp., to approve its sale to nCrowd Commerce Inc. on Monday, September 22, 2014.
nCrowd is a company based out of US that has been buying up distressed deal sites since 2011. Other distressed deal providers that have been acquired by nCrowd include Tippr, Saveology, Spreebird, etc… The acquisition of Teambuy/Dealfind would enable nCrowd to enter the Canadian market in a leadership position.
Hopefully, this is good news and it’ll mean they’ll fix all their issues and be back soon. Teambuy is Canada’s largest based daily deals site with over 3.5 million members and is the second largest overall behind Groupon.com in Canada.