Three major baltic daily-deals companies sign merger agreement | EU-Startups
Groupon has made it known for some time to potential acquirers that the company is open to the idea of a sale, but representatives for the company were especially aggressive last month in attempting to create interest among potential suitors, one of these people said. In the first few years following its launch in , Groupon was one of the darlings of the startup world after introducing the concept of daily deals to online consumers, igniting a frenzy among deal seekers and local businesses alike.
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Amazon once owned a third of LivingSocial in addition to operating its own local deals business, which it shut down in In the past year, Groupon decided to focus less on its Goods category — where it sells discounted physical products — and more on its core digital voucher business, in an effort to boost profit margins.
As a result, overall company revenue fell 5.
Groupon, however, turned an operating profit in for the first time since Since November , Groupon has been run by CEO Rich Williams , who had previously held other senior roles at the company since arriving from Amazon in Or just snag your phone and call us: Let's Get Started. February Daily Deal Builder was launched in early We have supported hundreds of deal and coupon sites clients since.
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