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Slide #34. Groupon — Savored
Groupon announced it has acquired Savored (http://www.savored.com), a leading provider of reservations at the best restaurants across the United States. 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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