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Slide #10. Groupon — ideeli
Groupon announced the acquisition of ideeli, a leading online flash fashion retailer, further extending its presence in fashion and apparel. The deal closes January 13 for $43 million in cash.
Groupon operates online local commerce marketplaces that connect merchants to consumers by providing goods and services, generally at a discount. Consumers access those marketplaces via its websites, primarily localized groupon.com sites in several countries. Co.'s operations are organized into two segments: North America and International. Co. provides goods and services via its online marketplaces in three primary categories: Local, which includes offerings from local and national merchants, and its relationships with local and national merchants, including advertising; Goods, which sells merchandise inventory; and Travel, which features travel offers at both discounted and market rates.
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