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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Groupon Inc | NASDAQ:GRPN | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.1001 | 0.87% | 11.5701 | 11.57 | 11.70 | 11.92 | 11.23 | 11.42 | 909,085 | 01:00:00 |
From Apr 2019 to Apr 2024
Groupon Inc. agreed to buy fellow daily-deals provider LivingSocial, uniting two top names in a sector that has experienced some turmoil.
Groupon didn't disclose the deal value but said the consideration isn't material.
Amazon.com invested at least $200 million in LivingSocial, and said a year ago that it would close down its own coupon unit Local. Amazon once valued LivingSocial at more than $1 billion, but that slipped to $242 million at the end of 2014.
In addition to the deal, Groupon also reported a third-quarter loss of $38 million, or 7 cents a share, compared with a year-ago loss of $27.6 million, or 4 cents a share.
Revenue rose 1% to $720.5 million, and the company raised full-year revenue guidance to the range of $3.075 billion to $3.15 billion. In July, it projected $3 billion to $3.1 billion.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
October 26, 2016 17:05 ET (21:05 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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