Darrell Hudson

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Groupon Draws New Investors and Works on an I.P.O.

Amplify’d from dealbook.nytimes.com
Groupon

The red-hot start-up is negotiating financing commitments with Fidelity Investments, T. Rowe Price and Morgan Stanley, these people said. With its investor base expanding, Groupon is preparing to go public as soon as the end of 2011.

The new round of financing, which could reach as high as $950 million, could be closed in the next few weeks, according to TechCrunch.

Since Groupon rejected Google’s takeover bid, many analysts have said that the company, based in Chicago, would pursue another major round of financing and, eventually, an initial public offering.

Meanwhile, it has also drawn takeover interest from tech heavyweights. Earlier this year, Yahoo offered to buy the company for about $2 billion, people briefed on the matter said previously. And Google raised its bid at least once during talks with Groupon.

Read more at dealbook.nytimes.com

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