Groupon up on reported sale interest

Groupon up on reported sale interest

Technology News

Groupon up on reported sale interest

Groupon up on reported sale interest


The stock is worth at least $6 per share in a going-private deal, and maybe $12 to a strategic buyer, says DA Davidson bull Tom Forte.

That management is looking to sell shouldn't be a surprise, he says, as the market isn't properly valuing the stock. The North American business has never been better, says Forte, and the international business is well-positioned.

Potential buyers (in addition to Alibaba and IAC/InterActive) include: Priceline, Google, Facebook, Qurate Retail Group


As a major aspect of its turnaround endeavors, Groupon is refocusing on key markets and presenting new administrations that are picking up footing with purchasers. They incorporate a streamlined versatile application and Groupon+, which gives clients a chance to get money back by connecting their charge cards to their Groupon accounts. As of Friday, its securities exchange esteem was about $2.46 billion.

Those activities haven't yet brought about supported income picks up. Experts have said Groupon needs to exhibit solid income development to end up a hearty procurement target. In the mean time, it faces solid rivalry from different destinations with binds to nearby traders, for example, Yelp. Two years back, it procured its nearest rival, LivingSocial.


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