Whoa: Rumor says Groupon raising $950 million
A financial news and research outlet called VCExperts posted an article today claiming that on December 17, daily-deals broker Groupon "filed a certificate to authorize a $950 million Series G round of preferred stock." The exact amount that the company raised in the monster funding round should be available next week (which means it could be quite a bit less), the report continued, adding that the company's valuation is likely $6.4 billion.
The dollar amount sounds like something out of Dr. Evil's machinations in the "Austin Powers" spoof film series, but Groupon isn'… Read more