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(Image: dpa, Jens Büttner)
The American company has made its first profits and is now looking for a press report for a solvent buyer.
The Groupon trading platform is looking for a buyer according to a US media report. The leaders of the old start-ups and mandated banks have reportedly made more efforts in recent weeks for potential buyers, Recode reports, citing trading circles. It is unclear whether these efforts have been successful.
Groupon is made known through its vouchers for local food establishments or resellers. On the website, there were selected offers each day that gave Groupon users a dinner for two in a pizzeria for the price of one. Meanwhile, Groupon has become a platform where merchants like Amazon or eBay can offer their bargains directly.
Almost only losses
Since its inception in 2008, the company has made heavy losses and made deep cuts. Various acquisitions, such as the acquisition of the Living Social competitor, could not change that. Groupon retired to Austria and Switzerland in early 2016.
Meanwhile, Groupon is again focusing on voucher business and wants to boost its profitability. During the fiscal year ended, at the end of March 2018, the company made a net profit for the first time in its history
Share Responding
When it went public in 2011, Groupon was still rated at about $ 16 billion. Since then, the stock has gone from $ 26 a month to $ 4.36. After the weekend report on a possible sale was released, the stock could gain more than 10% early trading on Monday, at $ 4.87. Currently, the company is worth about $ 2.6 billion in the stock market.
(vbr)
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