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Slide #23. Groupon — Blink
Groupon announced the acquisition of last-minute travel app Blink, a leading European destination for great deals on highly curated, same-day hotel bookings, bolstering its rapidly growing Groupon Getaways travel business. The Madrid-based Blink works with more than 2,000 hotel partners in eight European countries. Terms of the deal were not disclosed.
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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