Skip to main content

Groupon files to raise up to $950 mln

Groupon fundsShortly after rejecting Google’s $6 billion buyout, Groupon could potentially acquire up to $950 million by selling off preferred shares. VCExperts reports that on December 17, the company filed a 22-page document with the state of Delaware to authorize Series G funding, which could bring Groupon’s worth between an estimated $6.5 and 7.8 billion. The document states that Groupon amends its certificate of incorporation, and can thereby issue approximately 30 million shares of Series G preferred stock for $31.59 a share.

The site also speculates that this money could be used to finance Groupon’s international expansion. The daily deals site has made no secret about its plans to develop in Asia, and this round of funding would undoubtedly help with expenses.

CEO Andrew Mason confirmed the report, saying via Twitter that “Groupon is in the process of completing a new round of financing.” Bloomberg reports that the CEO is considering “an initial public offering in the new year,” and in more development for the company, has hired former Amazon VP of finance Jason Child as its CFO. Bold steps for a startup that was purportedly considering selling itself to Google weeks ago. Bloomberg claims that sources close to the situation say the deal went sour because Mason feared it “would sap employee morale and alienate business clients.”

Whatever the reason, it appears Mason made the right decision. If Groupon’s funding sees its full potential, it will soon be valued more than Google’s $6 billion offer. And any significant growth for the company means it could also exceed its estimated $2 billion in annual revenue for 2010 in 2011.

If Groupon goes IPO the shares would become publicly traded stock. The jury is still out on how seriously the company is contemplating this option. VCExperts claims that Mason’s investment in overseas expansion signals resistance to IPO plans, but various reports maintain that it is still a possibility and one that Groupon will continue to mull over in the coming year.

Molly McHugh
Former Digital Trends Contributor
Before coming to Digital Trends, Molly worked as a freelance writer, occasional photographer, and general technical lackey…
The HP Victus gaming PC with RTX 3060 has a $550 discount
The HP Victus 15L gaming PC in white.

Gamers don't need to spend more than $1,000 if they want to buy a new gaming PC because there are affordable options like the HP Victus 15L gaming desktop. From its original price of $1,400, you can get it for just $850 as HP has applied a $550 discount on this machine. However, you shouldn't delay your purchase because there's no assurance that the gaming PC will still be 39% off tomorrow. If you want to make sure that you get it for less than $1,000, you're going to have to complete the transaction for it within the day.

Why you should buy the HP Victus 15L gaming desktop
You shouldn't expect the HP Victus 15L gaming desktop to match the performance of the top-of-the-line models of the best gaming PCs, but it's surprisingly powerful for its cost. Inside it are the 13th-generation Intel Core i7 processor and the Nvidia GeForce RTX 3060 graphics card, with 16GB of RAM that our guide on how much RAM do you need says is the best place to start for gaming. It's enough to play today's best PC games without any issues, and it may even be capable of running the upcoming PC games of the next few years if you're willing to dial down the settings for the more demanding titles.

Read more
This 17-inch HP laptop is on sale for just $300 — but hurry!
The HP 17t-cn300 17.3-inch laptop against a white background.

If you want to buy a laptop with a relatively large screen, the good news is that you don't have to break the bank with your purchase because you can get the HP Laptop 17t for a very affordable $300. It's on sale from HP with a $200 discount on its original price of $500, but there's no telling how much time is remaining before this offer expires. We don't think it will stay available for long because laptop deals like this almost always get sold out quickly, so complete the transaction as soon as possible to make sure that you don't miss out on the savings.

Why you should buy the HP Laptop 17t
With the 17.3-inch display of the HP Laptop 17t, you'll have a lot of screen real estate to work on your projects and watch streaming shows. It's pretty affordable for a laptop with this large screen, which offers HD+ resolution for sharp details and vibrant colors. However, despite its big display, the HP Laptop 17t maintains portability because it's only 0.78 of an inch thick, which makes it easy to slide into your bag when you're on the go, and it won't be too heavy to carry around because it only weighs about 4.6 pounds.

Read more
What to do if your Intel CPU keeps crashing
Pins on Core i9-12900K.

Despite being among the best processors you can buy, some high-end Intel CPUs have faced a wave of instability over the past few months. Intel is investigating the problem, but the company and its motherboard partners have already worked toward some temporary fixes to improve stability on high-end Intel CPUs -- even if it comes at a performance cost.

Before getting into the fixes, keep in mind that they are temporary. Intel will release a statement on the instability soon, likely with more direct guidance on what affected users should do. In addition, the scope of the problem isn't clear -- if you're not experiencing issues, you shouldn't have anything to worry about.
Who's affected

Read more