![]() Williams predicted that the purchase will add about 1 million active customers to Groupon, which currently has 29.1 million users.Īlso Read: AT&T Reaches $80 Billion Agreement to Buy Time Warner, WSJ ReportsĪmazon invested at least $200 million in LivingSocial, but its peak value of $1 billion slipped to $242 million by the end of 2014. “The holiday season is a good time to get that done.” “Deals happen when they’re available out on the market,” Groupon Chief Executive Rich Williams said of the acquisition, according to the Journal. was previously valued at $1 billion but has been on a downward spiral of late, and cut half its workforce in March.Īlso Read: Why AT&T-Time Warner Deal Could Kickstart More Big Media Mergers The acquisition is expected to close next month and the exact purchase value has not been released. ![]() ![]() Groupon has bought rival daily-deals site LivingSocial, The Wall Street Journal reported on Wednesday.
0 Comments
Leave a Reply. |