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Groupon nets over $500m in financing drive

first_img ONLINE coupon service Groupon is more than half way to completing its $1bn (£645m) funding drive, according to a recent regulatory filing. The Chicago-based firm has secured more than $500m from unnamed investors since walking away from a takeover offer from Google in December, it said in papers lodged with the US Securities and Exchange Commission last week. Some of the proceeds will be used to repurchase shares owned by directors, according to the filing. Chief executive and founder Andrew Mason, alongside several board members, was named in the filing, which did not specify which board members were set to sell stakes. Groupon walked away from a takeover offer from Google last month, which was reported to be worth as much as $6bn. Groupon is a privately held company that was launched two and a half years ago to send its members daily e-mails containing discount coupons. It now employs more than 1,000 staff and operates in 35 countries. Yahoo offered in the region of $3bn for Groupon in failed acquisition talks in early 2010. whatsapp Groupon nets over $500m in financing drive Share whatsapp Show Comments ▼center_img Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily Proof Monday 3 January 2011 10:14 pm KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm Tags: NULLlast_img

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