Tags: Groupon Financing

Groupon May Raise up to $950 Million in Financing

Wednesday, 29 December 2010 11:18 AM EST

Groupon's board has authorized the local-coupon site to raise up to $950 million in funding, a recent Delaware regulatory filing says.

Google Inc. reportedly tried to buy the Chicago company for between $5 billion and $6 billion but was rejected in early December.

In a Dec. 17 amended certificate of incorporation, which was first reported Tuesday by venture capital data provider VC Experts, Groupon said it may issue up to 30 million Series G Preferred Shares at a price of $31.59 each.

Groupon's last round of funding — $135 million — came in April from Mail.ru Group, formerly Digital Sky Technologies.

VC Experts estimates that if Groupon raises the full $950 million the company would be worth about $6.4 billion total.

A Groupon spokeswoman could not be reached for comment.

© Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Companies
Groupon's board has authorized the local-coupon site to raise up to $950 million in funding, a recent Delaware regulatory filing says.Google Inc. reportedly tried to buy the Chicago company for between $5 billion and $6 billion but was rejected in early December.In a Dec....
Groupon Financing
128
2010-18-29
Wednesday, 29 December 2010 11:18 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved