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Groupon acquires SA's Twangoo
Fast-growing international deal-of-the-day website Groupon has acquired SA e-commerce provider Twangoo. The value of the transaction has not been disclosed.
The Twangoo acquisition comes on the same day that Groupon has announced the acquisitions of SoSasta in India and Grouper in Israel. The three acquisitions will be rebranded Groupon India, Groupon Israel and Groupon South Africa.
Chicago-based Groupon has been in the headlines recently, first for rejecting a reported US$3bn offer from Yahoo in October, and last month spurning a US$5,3bn offer from Google. Analysts say the company could go public within the next two years.
Continue reading the full article on www.TechCentral.co.za
Source: TechCentral
Founded by Duncan McLeod, TechCentral is the leading quality news and information resource for people involved in South Africa’s fast-growing information and communications technology industry and those interested in the fast-changing world of information technology. It provides quality news, reviews and comment relevant to its quickly expanding audience. Follow TechCentral on Twitter at TechCentral, become a Facebook fan and subscribe to the daily newsletter.
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