Groupon

Groupon finally settles IBM patent suit with a $57M payment

A patent suit between IBM and Groupon that has been underway for over two years has finally been settled. Today, the two companies announced that Groupon will pay IBM $57 million both to settle infrin

Southeast Asia’s Fave raises $20M and adds mystery strategic investor from China

So you thought group-buying was dead?! Not in Southeast Asia where Fave, a company that aims to connect local merchants with customers using discount sales, has closed a $20 million Series B round as

Terra is an ambitious crypto project to build a stable coin through e-commerce

Four of the world’s largest crypto exchanges are leading a $32 million investment in an ambitious venture out of Korea that’s aiming to develop a new stable coin using e-commerce as the ly

The incredible rise of Pinduoduo, China’s newest force in e-commerce

Editor’s note: This post originally appeared on TechNode, an editorial partner of TechCrunch based in China. From Alibaba to JD, China is not short of e-commerce powerhouses. Although the country’

Real estate property manager and developer JLL launches a $100 million tech investment fund

The multi-billion-dollar real estate developer and property manager JLL is getting into the tech investment game with the launch of a new $100 million fund run by corporate subsidiary JLL Spark. Initi

Groupon acquires UK’s Cloud Savings Company, parent of Vouchercloud, for $65M

Daily deals and local commerce site Groupon has announced an acquisition to ramp up its operations in discount offers and specifically those tied to loyalty programs. The company has acquired Bristol,

Latin America’s Groupon Mafia

The founders of PayPal and its employees have produced many highly successful companies over the years. Often referred to as the “PayPal Mafia” because they’ve had such an impact on the startup

Groupon adds ad exec Steve Krenzer as new COO, sold assets to Grubhub for $20M

Groupon, the local deals platform, reported Q3 earnings today that provided more details on how it is restructuring its business; and it also took the moment to announce that it has finally appointed

Groupon’s billionaire cofounder Eric Lefkofsky just raised $70 million for his new company

Chicago billionaire Eric Lefkofsky has started five companies, none of which would seem to lead him to found a company that’s trying to cure cancer. Yet investors just gave his newest, two-year-

Groupon debuts Groupon+, voucherless meal deals with Visa and Mastercard

Restaurant deals are some of the most popular offers on Groupon, the platform that lets you buy discounted experiences and goods from retailers near you. Today, the company is launching a new service

Crunch Report | Facebook Hires 3,000 People After Getting Disturbed

Facebook hires 3,000 people to combat the disturbing videos and live videos that have been popping up on the site, Hulu launches its live TV service, yesterday was not too good of a day for tech stock

Groupon shares drop on Q1 revenue miss, shutters businesses in 11 more markets

Groupon — the once-dominant daily deals business that has more recently tried to shift to other kinds of local commerce — today reported first-quarter earnings that pointed to a company st

Groupon closes up 23% after Q4 report, says it paid nothing for LivingSocial

Groupon, the daily deals platform that has been restructuring itself and trying to shift into more profitable areas of e-commerce, today reported its Q4 earnings. The company reported sales of $934.9

Asia’s answer to ClassPass is pivoting to become a marketplace for local services

One of Asia's most-funded clones of U.S.-based subscription fitness service ClassPass is pivoting to local services.

Groupon is buying LivingSocial, plans to downsize business to 15 markets from 27

Some significant consolidation is going down in the world of daily deals — going down being the operative phrase here. Today, Groupon announced it would acquire LivingSocial, its onetime big r

Groupon reports better-than-expected revenue, still not profitable

Deal site Groupon saw its shares rising today in after-hours trading, following a better-than-expected second quarter earnings report. Analysts expected the Chicago-based company to report negati

Groupon is selling its Indonesia business to fitness membership startup KFit

Groupon continues to streamline its business in Asia after it announced the sale of its operations in Indonesia to a somewhat unlikely buyer. KFit, a startup that sells gym and fitness memberships in

SumUp and Payleven merge as European ‘Square clones’ consolidate

Some consolidation afoot in the world of mobile payments: today Groupon- and BBVA-backed SumUp and Rocket Internet’s Payleven — two of the several European startups that cropped up in the

Why Silicon Valley’s ‘unicorn problem’ will solve itself

The rise was like a tech startup fairytale. Within three years of founding, this unicorn company had raised more than $1 billion in venture capital -- closing an astonishing $950 million in its final

Groupon launches new Merchant app that puts the daily deal front and center

For the last several years, Groupon has been expanding its business beyond the daily deal to position itself as the platform for local commerce. Some of those efforts have proven to be more challe
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