Groupon is said to be pursuing acquisition as it faces pressure from investors, and the target could be Yelp, according to people familiar with the matter
Daily-deals company Groupon Inc. is pursuing an acquisition amid discontent among shareholders about the firm’s financial performance and stock price, people familiar with the matter say.
“It is reasonable to conclude that a relatively large acquisition by Groupon is forthcoming,” said Robert Chapman, founder of California investment firm Chapman Capital LLC, which had been building a stake in Groupon in recent weeks.
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