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D Wing Deal Groupon Website is looking for a buyer as its value decreases, insiders have claimed.
The website, pioneering the coupon market, has redoubled efforts to attract potential contenders, according to a Recode report citing several sources.
The executives of the Chicago-based company, which has offices in the UK, have contacted a number of public companies in hopes of generating interest. It is hoped to attract the Chinese retail giant Alibaba, which bought nearly 6 pc of the company in 2016.
The American giant IAC, whose CEO sits on the Board of Directors of Groupon, was also designated as suitor. ] When Groupon became public in 2011, raising $ 700 million, it was touted …
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