Tag Archive | "Groupon"
Groupon running out of cash
Nicholas Jackson, writing for The Atlantic, points out that while Google had $225 million in cash as of June 30, they’re still on the hook for over $392 million they owe to merchants for past Groupon deals. Moreover, Jackson points out that Groupon continues to lose money as it makes moves to increase its business. […]
Continue reading...Groupon files S-1 with SEC, plans to go public with $750 million IPO
Thursday, June 2, 2011
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Groupon today filed an S-1 with the SEC with the intent to raise $750 million with an IPO underwritten by Morgan Stanley. Some of the more interesting data points revealed in the filing include: Groupon has 83 million email subscribers. Groupon sold 30 million coupons in 2010 and 28 million during the first quarter of […]
Continue reading...Why the Groupon and Google deal fell through
Friday, December 24, 2010
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Earlier this month, reports surfaced that Google was interested in acquiring Groupon for a monstrous $6 billion. News of the proposed purchase expectedly set off a firestorm of public scrutiny and bewilderment. On one hand you had folks arguing that Google, regardless of how much cash they have in the bank, was making a big […]
Continue reading...Google looking to acquire Groupon for $6 billion
Wednesday, December 1, 2010
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There are large buy-outs, and then there’s this. The New York Times is reporting that Google is looking to purchase Groupon for a whopping $6 billion, a selling price which would easily be one of Google’s largest corporate purchases. Originally founded in 2008, Groupon provides users with amazing local deals (50-90% off) on a myriad of […]
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Friday, August 19, 2011
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