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 …
Granted I'm biased because I like the fact that its a Chicago based start up that is getting traction and not a Silicon Valley or Alley that is getting face time.
But yeah, why sell out when you can control a market segment?
After the first 100 million, the rest doesn't matter.... :-)
Local business journal reported that some of the money raised went to investors and insiders...
- Geek's Guide to Britain BT Tower is just a relic? Wrong: It relays 18,000hrs of telly daily
- Product Round-up Smartwatch face off: Pebble, MetaWatch and new hi-tech timepieces
- Geek's Guide to Britain The bunker at the end of the world - in Essex
- Review: Sony Xperia SP
- Dell's PC-on-a-stick landing in July: report