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aschalfant

01/13/17 9:04 AM

#3808 RE: jones99 #3807

Neither company has denied this rumor. Should be an interesting trading day.

FUNMAN

01/13/17 6:18 PM

#3809 RE: jones99 #3807

Alibaba has no plans to buy Groupon - StreetInsider

Jan. 13, 2017 2:42 PM ET

Alibaba's (NYSE:BABA) 5.6% stake in Groupon (NASDAQ:GRPN) is about as high as it wants to go, according to a report at StreetInsider, which cites a person familiar with matter.

Despite this story, Groupon has given back none of yesterday's rumor-related gains, and remains higher by 1.1% on today's session.