Groupon Supposedly Raising $950 Million And Making The Company Worth A Rumored $6.4 Billion [Rumors Swirling Around Huge Cash Investment For Groupon]

Tweet

If the rumors flying around the last couple of days are true, we know why Groupon turned down the huge buyout offer from Google a couple of weeks ago. New rumors say that Groupon has received a major financial investment to the tune of around $950 million.

If said rumors are true, that would mean the daily deals giant’s current worth is $6.4 billion and growing on an almost daily basis. So with that kind of money coming into the company, speculation has started on exactly where it will be spent. Most industry insiders agree that while Groupon has certainly made a name for itself in the United States it is not as strong around the rest of the world. That investment could be used to strengthen operations in Europe and Asia, bolstering its international product while continuing to clinch its domestic stranglehold on its field here.

Tweet

You may also like:

Kobo Announces Partnership With Rdio, Means Vox eReader...