Groupon may be seeking a buyer: report

Chicago-based online discount company Groupon GRP, -0.94% may be looking for a buyer, according to a Recode report on Saturday.

Groupon reportedly has made its openness to an acquisition clear in recent months, and has upped its inquiries in the past month. The Recode report says that Groupon executives and bankers on its behalf have contacted several public companies aiming to create interest in a deal, with Recode citing “two people briefed on the approaches.”

The report also says it’s unclear if Groupon has had any success as yet, or what the possible reasons for the deal push might be, and lists Alibaba BABA, +2.88% and IAC IAC, +1.10% as potential suitors.

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