Groupon Posts

Groupon Inc (GRPN) may sell its stake in Ticket Monster Inc.

Ticket Monster
Groupon Inc (NASDAQ:GRPN) is reportedly in talks to sell a majority stake it has in South Korean mobile e-commerce company Ticket Monster Inc., according to Reuters. Groupon bought Ticket Monster for $260 million in November 2013. It is rumored that Groupon wants to sell Ticket Monster at a valuation of $1 billion. Daniel Shin, the founder and CEO of Ticket Monster, would likely continue running the company with private equity backing. The deal is expected to be done by the end of March.

Groupon Inc (GRPN) launches Groupon Basics

Groupon Logo
Groupon Inc (NASDAQ:GRPN) has launched a new business called Groupon Basics, which offers discounts on home goods to compete with warehouse retailers like Costco and Sam’s Club. Groupon Basics is an expansion of the online e-commerce portal Groupon Goods. Groupon Basics is a discounted and bulk shopping service for home goods. Groupon Basics will start with household, personal care, and health products.
Continue reading →

Groupon Inc (GRPN) leads investment in ClubLocal

ClubLocal Logo
Groupon Inc (NASDAQ:GRPN) was the lead investor in ClubLocal, a service that makes it simple to book and buy household services. ClubLocal received $10.7 million in total funding. Other individual investors and the two original founders of ReachLocal participated in this round of funding as well. 

Continue reading →

Groupon Inc (GRPN) is launching a Deal Builder product to automate sales creation

Screen Shot 2014-02-10 at 4.21.47 PM
Groupon Inc (NASDAQ:GRPN) is launching a new do-it-yourself deal feature. Groupon is calling this feature a “build-your-own-deal tool for merchants.” This is a way to automate deal creation, which could make things more efficient at the company.
Continue reading →

Groupon Inc (GRPN) has acquired Ideeli for $43 million

Ideeli Logo
Groupon Inc (NASDAQ:GRPN) has acquired Ideeli. Ideeli is a leading online fashion retailer. The deal is closing today for $43 million in cash. Ideeli offers millions of members access to leading men’s and women’s brands of apparel, accessories, and home decorations. Ideeli is based in New York and was founded in 2007.
Continue reading →

Groupon (GRPN) Gets Into The Coupon Game With “Freebies”

Groupon Logo
Groupon Inc (NASDAQ:GRPN) is launching a new coupons service known as “Freebies” and over 5,500 brands are participating in it.  Groupon is evolving from a flash deal website to a full-scaled e-commerce brand. 
Continue reading →

Groupon Has Acquired LivingSocial’s TicketMonster For $260 Million

TicketMonster Logo
Groupon has acquired LivingSocial’s TicketMonster for $260 million.  Groupon announced this news in a press release from earlier this week, which contained the company’s financial results.  Groupon is paying around $100 million in cash plus $160 million in Class A common stock.
Continue reading →

Groupon Inc (GRPN) Deal For Starbucks Surges Past 100,000 Purchases

Starbucks Groupon
Groupon Inc (NASDAQ:GRPN) launched a deal today for Starbucks.  You can buy $10 worth of Starbucks for $5 through Groupon.  The deal is running for the next 2 days.  So far, over 100,000 people bought the deal.  If Groupon charged their standard cut of 50% from this deal, they likely made $250,000 from this deal alone. However, Groupon may have charged Starbucks much less of a cut for the exposure.
Continue reading →