Nov 13, 2012
US group buy company Groupon has acquired a 19% stake in Chinese group buy site Groupnet for a cash consideration of USD 25 mln, according to Groupon's latest financial report. The previously announced acquisition was completed in July.
Editor's Note: For more background on this topic, please see "FTuan Merges with Gaopeng" MD 6/27/12 issue.
Keywords: Internet Groupon Ftuan Gaopeng Groupnet investment M&A group buying
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