Rumor: Gaopeng to Merge with FTuan
Beijing Morning Post, 4/10/12
According to an industry source, Gaopeng, the group buy joint venture of Groupon and Tencent (0700.HK), is presently in merger negotiations with Chinese group buy site FTuan, though specific details regarding the cooperation are unclear at this time. A spokesperson from Gaopeng declined to comment on the new development.
Editor's Note: For more information on this topic, please see "FTuan Confirms Reports of Funding from Tencent," MD 6/29/11 and "Tencent, Groupon Officially Launch Gaopeng," MD 2/28/11 issues.
Keywords: Internet Tencent 0700.HK Groupon Ftuan Gaopeng group buying M&A
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