Groupon Makes Another Acquisition, Another Road to Nowhere

Reblogged from 24/7 Wall St.:

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News that Groupon Inc. (NASDAQ: GRPN) completed the acquisition of website Savored.com has so far been met by investor selling. Savored is a provider of reservations at 'the best' restaurants across the United States, so it obviously is a competing interest of OpenTable Inc. (NASDAQ: OPEN). It is important to know that the financial terms of the deal were not disclosed.

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