Feeds

Groupon buys big after $1bn funding round

Coupon crusade continues with three-company spree

Remote control for virtualized desktops

Coupon website Groupon has scooped up three companies offering similar services in Israel, India and South Africa, after it completed a $950m round of funding from investors yesterday.

The 3,000-strong outfit, which recently walked away from a multi-billion dollar takeover bid by Google, said it had bought coupon deal sites SoSasta, Grouper and Twangoo.

Financial terms of the acquisitions were not revealed by Chicago-based Groupon.

Backers in the equity financing round included Andreessen Horowitz, Battery Ventures, Greylock Partners and Russia's Mail.ru Group, AKA Digitial Sky Technologies (DST).

Groupon could be mulling an IPO, or indeed be hoping to find a buyer with more than $6bn to offload on the site.

In related news, DST has also invested lumps of cash in Facebook and Zynga. ®

Choosing a cloud hosting partner with confidence

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
Just don't blame Bono! Apple iTunes music sales PLUMMET
Cupertino revenue hit by cheapo downloads, says report
US court SHUTS DOWN 'scammers posing as Microsoft, Facebook support staff'
Netizens allegedly duped into paying for bogus tech advice
Feds seek potential 'second Snowden' gov doc leaker – report
Hang on, Ed wasn't here when we compiled THIS document
Verizon bankrolls tech news site, bans tech's biggest stories
No agenda here. Just don't ever mention Net neutrality or spying, ok?
NATO declares WAR on Google Glass, mounts attack alongside MPAA
Yes, the National Association of Theater Owners is quite upset
prev story

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Choosing a cloud hosting partner with confidence
Download Choosing a Cloud Hosting Provider with Confidence to learn more about cloud computing - the new opportunities and new security challenges.