Part of the article: Another probable takeover target, Groupon, saw its share price rise 3.9% to close at $6.24 on Jun 13. The company connects consumers to merchants across the world by offering goods and services at a discount. In the last reported quarter, Groupon reported a positive earnings surprise of 42.9%, with revenues increasing 26.0% year over year to $757.6 million.
Groupon is particularly strong in the mobile segment, deriving 50% of North America reservations (55% of total reservations) in the last quarter from mobile devices. The company’s policy of launching new products regularly and the growing popularity are the factors driving its growth.
We believe that innovation within a fast-growing segment, increased use of mobile devices for local purchases and the possibility of scaling up to better serve international markets make Groupon and GrubHub interesting acquisition targets at present.
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