dipity

Track the developments of two-year-old discount coupon company Groupon, which Forbes dubbed

Created by shabina921 on Nov 8, 2010

Last updated: 12/05/10 at 02:02 PM

• Groupon rebuffs Google
  Dec 3, 2010

  Andrew Mason turns down Google's pricey offer, citing concerns about the strategic direction the company would take under new management and what could happen to merchant relationships and his employees.
  http://www.bloomberg.com/news/2010-12-04/google-bid-to-buy-groupon-site-is-said-to-be-rejected-update1-.html

• Google makes $6 billion bid for Groupon
  Nov 30, 2010

  Google reportedly offers $6 billion to acquire Groupon. This is almost twice as much as Google's largest purchase to date, the $3.1 billion it paid for Doubleclick in 2007.
  http://news.cnet.com/8301-13577_3-20023978-36.html

• Groupon releases app to help retailers deal with customers
  Nov 3, 2010

  Groupon said it will send out thousands of Android phones and iPod Touches with the app preloaded, to make handling Groupons as simple as possible.

• Illinois gives Groupon $3.5 million incentive plan
  Oct 16, 2010

  Company officials say the money will lead to 250 new jobs at its Chicago headquarters. The investment package includes a mix of corporate tax income credits over the next 10 years and job training funds.
  http://celebrifi.com/gossip/Illinois-Gov-Quinn-announces-35-million-investment-package-for-Groupon-3794746.html

• Groupon's Gap promotion brings in $11 million
  Sep 2010

  Groupon's first national promotion with Gap sells 445,000 deals for $11 million.

• Rice University study finds Groupon is more beneficial for consumers than businesses
  Sep 2010

  The study found Groupon promotions were profitable for 66 percent of the businesses surveyed for the study, but they were unprofitable for 32 percent. More than 40 percent of the respondents indicated they would not run such a promotion again.
  http://www.media.rice.edu/media/NewsBot.asp?MODE=VIEW&ID=14811

• Groupon acquires Citydeal, expands international market
  May 2010

  The new acquisition added 80 markets in 16 countries in Europe and Latin America to the existing 60 cities in North America.

• Groupon receives a $135 million investment, mostly from Russian venture capitalists
  Apr 2010

  Funding from Digital Sky Technologies and Battery Ventures was used to further the company’s global expansion.
  http://chicagobreakingbusiness.com/2010/04/groupon-gets-135-million-from-russian-group.html

• Groupon launches
  Nov 2008

  Andrew Mason, a Northwestern University alum, launches Groupon.