Recode Daily: Today’s daily deal: Groupon wants to sell itself

Plus, the world holds its breath as the first Thai soccer players are rescued from a cave; Sonos files for an IPO; some upscale restaurants are turning into co-working spaces during their off-hours.

Groupon is looking for a buyer. The Chicago-based company that pioneered the local commerce category known as “daily deals” has contacted several public companies in the past month to try to drum up interest in acquiring it. On its IPO day in 2011, Groupon was worth more than $16 billion, making its decision to turn down a $6 billion acquisition offer from Google a year earlier look smart. Today, Groupon is valued at just $2.4 billion; it acquired its principal competitor LivingSocial for $0 in 2016. [Jason Del Rey / Recode]



Source : www.recode.net