Fab.com has acquired German-based Casacanda in an all-stock deal valued at about $10 million. Fab.com CEO Jason Goldberg said that the acquisition will be closed on Monday. Even though the e-commerce market is not as big as it is in Europe as it is in the U.S., Goldberg believes the deal is still solid because of the strong German economy and because Germans have a strong sense of design.

Fab.com, a design-focused daily e-mail deals website, has acquired FashionStake, a two year old retail startup company that was funded by Battery Ventures. FashionStake founders Daniel Gulati and Vivian Weng will become Fab.com’s heads of expanding fashion division. After the acquisition is complete, FashionStake will cease their operations.

When Fab.com originally started, it was a social network for the LGBT community. Now the website is a flash sale website with 72-hour deals. The company has just raised $40 million in funding from Andreessen Horowitz and is now valued at over $200 million. It was only about 6 months ago since Fab.com switched from being a gay social network.

Fab.com is a social network for gay men that used to be known as Fabulis. Fab.com has raised $8 million in Series A funding.