Meanwhile, the Chicago-based Groupon has also seen staff cuts around the world as part of a restructuring.
Amazon has since stopped investing in the email coupon company, according to the Journal.īased in Washington, D.C., LivingSocial has gone through several rounds of layoffs in recent years. Williams predicted that the purchase will add about 1 million active customers to Groupon, which currently has 29.1 million users.Īlso Read: AT&T Reaches $80 Billion Agreement to Buy Time Warner, WSJ ReportsĪmazon invested at least $200 million in LivingSocial, but its peak value of $1 billion slipped to $242 million by the end of 2014. In 2019, Universal tested out offering unlimited versions of its Horror Nights Express Passes which means that, just as with the daytime version of Unlimited Express, it would allow users to hop into the shorter line for each haunted house and ride as many times as they would like. “The holiday season is a good time to get that done.”
“Deals happen when they’re available out on the market,” Groupon Chief Executive Rich Williams said of the acquisition, according to the Journal. was previously valued at $1 billion but has been on a downward spiral of late, and cut half its workforce in March.Īlso Read: Why AT&T-Time Warner Deal Could Kickstart More Big Media Mergers The acquisition is expected to close next month and the exact purchase value has not been released.
Groupon has bought rival daily-deals site LivingSocial, The Wall Street Journal reported on Wednesday. Present a military ID or Veteran ID Card at the ticket window any Wednesday, Thursday or Sunday night and receive: 5 OFF any regular priced haunted house or.
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