Groupon Buys Start-Up Hyperpublic
Original post by Jennifer Booton via FoxBusiness
Groupon (GRPN: 19.84, -0.42, -2.07%) has bought two-year old startup Hyperpublic for an undisclosed amount, snagging the location-based technology company as the daily deals market continues to expand.
“We are so proud to announce that Hyperpublic has been acquired by the rocket ship that is Groupon,” the company said, adding that the acquisition is a “huge win” for its small team and investors.
Groupon didn’t publicly announce the deal but confirmed it to FOX Business in an e-mail.
A spokesperson for the publicly-traded daily deals site said Groupon is “investing in harnessing local data as part of its product strategy.”
