Groupon Vice Chairman Ted Leonsis May Have Conflict Of Interest

Ted Leonsis is a former AOL executive that owns the NBA Washington Wizards. Leonsis is currently a Vice Chairman at Groupon Inc., but he is also an investor in competitor LivingSocial. Leonsis also has ties to LivingSocial’s board of directors. This could be a major conflict of interest.

Leonsis has been serving as a director at Groupon since June 2009 and became a vice chairman in April 2011. Leonsis also serves as a partner at Revolution Growth. Revolution Growth is an investment company run by AOL co-founder Steve Case. Revolution Growth has stake in LivingSocial as well. Leonsis’ involvement in Groupon and LivingSocial may be questioned since Groupon recently filed to go public.


This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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