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Jasper Infotech owns Snapdeal. Approval is required from CCI, which keeps a tab on unfair business practices, for acquisitions beyond a certain threshold.
The e-commerce and online deals company said in a blog post Tuesday that the cuts are mainly in its international business. Having already closed its operations in Greece and Turkey, Groupon said it is also leaving Morocco, Panama, the Philippines, Puerto Rico, Taiwan, Thailand and Uruguay.
Groupon Inc reported better-than-expected quarterly profit and revenue on Wednesday as the company's main daily deals business in North America turned in a strong performance.
Groupon for iOS has been updated to support Indian offers. You will now be able to buy and redeem offers on the deal-of-the-day website using your iPhone in India.
Groupon Inc , the world's largest online daily deals provider, is reshuffling senior management roles in an attempt to fix its struggling European business -- a shake-up that will also include the departure of its chief of international business.
Last year, the buzzword in e-commerce was Groupon Inc and its myriad of competitors that offered daily online coupons to entice shoppers in a down economy. Now, the latest fashion in retail is social gifting, where people get together on Facebook to buy each other gifts.
Groupon Inc , which runs the world's largest online coupon website, was sued on Tuesday by a shareholder who accused the company of misleading investors about its financial prospects and concealing weak internal controls.
A new crop of companies entering the U.S. public markets, including such high-profile offerings as Facebook, are turning the clock back on the way U.S. corporations are run.
Groupon Inc Chief Financial Officer Jason Child said on Wednesday that the company's international business is still growing strongly, despite turmoil in Europe.
There was a short position of almost three million Groupon Inc shares at the end of last week, according to Nasdaq data released on Friday.
Groupon Inc raised USD 700 million after increasing the size of its initial public offering, becoming the largest IPO by an Internet company since Google Inc raised USD 1.7 billion in 2004.
Groupon Inc is pushing ahead with plans to go public in the face of a volatile equity market, a recent executive departure and questions about its accounting and financial disclosures, sources said on Tuesday.
Groupon Inc's second-quarter loss more than doubled as it hired more than 1,000 new employees, even though the Internet daily deals company trimmed back its marketing costs.
Groupon Inc's rapid growth has attracted rivals and regulators, a twin threat to the largest online daily deal company as it gets ready for an initial public offering.
