Friday, March 18, 2011

Are Four Words Worth $25 Billion for Groupon? - BusinessWeek

Excerpt from an extensive Groupon profile

Andrew Mason commands a lot of attention these days. In a little over two years the former rock band keyboardist has managed to build what could be the fastest-growing company of all time. Yes, you read that right. Groupon's deal-of-the-day business is set to generate $3 billion to $4 billion in revenue this year, up from $750 million in 2010, according to two people familiar with the upstart's finances. Groupon was valued at $1.4 billion last April, sought funding at a $3 billion valuation in November and snubbed a $6 billion offer from Google (GOOG) two months after that. The company has been meeting with bankers to discuss a potential initial public offering that would value it at up to $25 billion, Bloomberg Businessweek has learned from two sources close to the negotiations.

Are Four Words Worth $25 Billion for Groupon? - BusinessWeek

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