Groupon Posts

Groupon Acquires Indonesia Based Disdus

Groupon has acquired Disdus, an Indonesia based daily deals website, which will be renamed Groupon Indonesia. Disdus is a portfolio company of East Ventures. Disdus serves the Jakarta and Bandung markets. This acquisition makes Groupon available in 46 countries and puts them at about 6,000 employees worldwide. Disdus was co-founded by Jason Lamuda and Ferry Tenka. The two raised a round of seed funding from East Ventures at the end of 2010. [TechCrunch]

Groupon COO and President Rob Solomon Departs

Rob Solomon, the COO and President of daily deals website, has stepped down. It is uncertain why he is leaving, but Groupon CEO Andrew Mason said that he is moving back to Woodside, California. “He will remain a friend and advisor to the company into perpetuity,” said Mason. [AllThingsD]

Groupon Planning To Hire Over 100 In Palo Alto

Daily deals website is looking to hire some additional talent in Silicon Valley. They have an office at 409 Sherman Avenue in Palo Alto, California and they plan to hire over 100 developers and other technology jobs there. They are specifically looking for those who have talent in data, analytics, networking, math, and RoR.
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Groupon CEO Andrew Mason Says They Put Too Much Trust In Ad Agency CP&B For Super Bowl Ads

Groupon CEO Andrew Mason said that the company placed too much trust in ad agency Crispin Porter & Bogusky (CP&B) for their Super Bowl commercials and they fired them for it. This is a different perception Groupon portrayed as they defended the controversial ads shortly after they aired.
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Groupon Talking To Bankers About $25 Billion IPO

Group coupon subscription service is talking to bankers about an IPO with a valuation of $25 billion according to Bloomberg. Just as a comparison, Google was given a $23 billion valuation during their IPO. Groupon made $760 million in revenues last year and they are projecting to make over $1 billion this year. Groupon is currently in talks with Morgan Stanley and Goldman Sachs about the IPO. [Bloomberg]

LivingSocial In Talks To Raise $500 Million

In December, LivingSocial raised $183 million from and Lightspeed Venture Partners. Now the company is looking to raise an additional $500 million according to The Wall Street Journal. LivingSocial would use the funding to keep expanding and stay competitive with Groupon.
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Facebook Taking On Groupon By Launching Local Deals Subscription Service

Groupon may have over 50 million e-mail subscribers, but Facebook has over 500 million users and they plan to starting making even more money from them. Facebook has special posts at the top of the News Feed homepage urging people to subscribe to updates about their Deals location based check-in coupon services. They are also suggesting people to invite their friends too. The first cities to receive updates from Facebook Deals include San Diego, San Francisco, Dallas, Austin, and Atlanta. You can pick cities to receive deals from at the website: [InsideFacebook]

Groupon Launches In China Under The Name

Groupon has launched in China under the name The website will initially cover Beijing and Shanghai. Tencent Holdings and Yunfeng Capital are investors in Gaopeng. Yunfeng Capital is a private equity fund started by Chairman Jack Ma. Some of’s competitors include and [Bloomberg]