Groupon continues to streamline its global business after it announced the sale of its operations in Indonesia to a somewhat unlikely buyer. KFit, a one-year-old startup that sells gym and fitness memberships in the same style as U.S.-based ClassPass, is picking up Groupon Indonesia in an undisclosed deal. Malaysia-based KFit said it …
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Deal site Groupon saw its shares rising today in after-hours trading, following a better-than-expected second quarter earnings report. Analysts expected the Chicago-based company to report negative earnings per share of $0.02 on revenue on a non-GAAP basis, and $713.8 million in revenue, according to Estimize data. But Groupon beat Wall Street revenue expectations with second quarter revenue of …
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Some significant consolidation is going down in the world of daily deals — going down being the operative phrase here. Today, Groupon announced it would acquire LivingSocial, its onetime big rival that was partly owned by Amazon, for an undisclosed sum. Lest you think that this is a power move made by companies …
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