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Groupon buys big after $1bn funding round

Coupon crusade continues with three-company spree

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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. ®

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