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back to article Groupon buys big after $1bn funding round

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 …

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Cool!

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...

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