Sep 03, 2010
US-based group purchasing website Groupon's rumored acquisition of Chinese group buying website 24Quan.com may be completed in November. The deal is reportedly worth USD 20 mln.
24Quan CEO Du Yinan confirmed the two sides have discussed an acquisition, but no final agreement has been reached and Du would not reveal any specific figures.
Keywords: Internet group buying 24quan Du Yinan Groupon M&A e-commerce
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