European Swapping Site Netcycler Confirms Acquisition Of U.S. Rival Swap.com; Launches New Service For Parents To Offload Kids? Kit

The European online swapping service, Netcycler, which uses an algorithm to match up multiple people with mutually sought after goods to trade, has acquired U.S. rival Swap.com, which offers simpler, one-to-one trades. The acquisition took place back in late August but has only just been confirmed. Terms of the deal have not been disclosed.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/7q_2n_qbgEE/

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