Groupon may be seeking a buyer: report

MarketWatch - Top Stories

Chicago-based online discount company Groupon
GRP, -0.94%
  may be looking for a buyer, according to a Recode report on Saturday.

Groupon reportedly has made its openness to an acquisition clear in recent months, and has upped its inquiries in the past month. The Recode report says that Groupon executives and bankers on its behalf have contacted several public companies aiming to create interest in a deal, with Recode citing “two people briefed on the approaches.”

The report also says it’s unclear if Groupon has had any success as yet, or what the possible reasons for the deal push might be, and lists Alibaba
BABA, +2.88%
  and IAC
IAC, +1.10%
  as potential suitors.

Groupon shares are down 14.5% year-to-date, versus a 3.2% rise for the S&P 500
SPX, +0.85%
though over the past 12 months Groupon shares are up 17.5%, vs. 13.8% for the S&P.


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