Groupon and its bankers have been actively
working to sell the company, Recode reports, citing two people familiar with
the move. The deals site has struggled in recent years, falling from a $16
billion valuation at the time of its IPO in 2011 to around $2.4 billion today.
Alibaba, which bought close to 6% of Groupon in 2016, and IAC, whose CEO Joey
Levin sits on Groupon's board, are the most likely candidates to buy the
company, Recode reports.
You’ve spoken and we’ve listened! We are excited to announce that the same great knowledge platform that you have come use and love over the years will be going through a rebrand and an upgrade. We believe that all good things don’t come to an end, but only evolve to be better.
WikiOmni will now officially be called Knowpia. Please make sure your access is now directed to KNOWPIA.COM from all of your devices.
In an effort to enhance the overall user experience, over the course of the next few months you will see a new and improved design layout with value-added features and advancements in functionality. Through extensive research & development, we know you will be happy with the new direction that we are taking to continue our vision to assemble the world’s largest platform of knowledge contributors. We thank you for taking this incredible journey with us!