Groupon Inc. raised $700 million in its initial public offering, said a person with knowledge of the situation, 30 percent more than it sought, valuing the biggest online-coupon provider at $12.7 billion.
(Reuters) - Former fund manager John Mattera was sentenced to 11 years in prison on Friday, after pleading guilty of defrauding investors of $13 million with a story that he put their money in Facebook Inc and Groupon Inc shares before the companies went public.
Bloomberg-Groupon Inc. ousted Andrew Mason as chief executive officer yesterday after the stock declined more than 80 percent from its November 2011 high. Mason left an unusual farewell note to his former employees, which was linked from his Twitter account:
ATD: Groupon has acquired Glassmap, the location-based deals discovery app, the startup announced on Friday.
Groupon confirmed the acquisition to AllThingsD. Terms of the deal were not disclosed.
