Is Groupon for Sale?
Recode reported that Groupon (GRPN) may end its run as an independent company. Citing people briefed on the company’s plans, the report states that Groupon is quietly searching for a buyer and that Alibaba (BABA) has been floated as a potential buyer. Alibaba, a leading Chinese e-commerce company, is a minority shareholder in Groupon that took a nearly 6.0% stake in Groupon in 2016.