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Groupon Seeks $950 Million in Financing

By Chuck Sudo in News on Dec 30, 2010 1:30PM

2010_5_groupon_logo.jpg Weeks after rejecting a buyout by Google reported to be near $6 billion, Groupon's board of directors authorized the company to raise $950 million in equity financing.

Groupon filed a restated certificate of incorporation in Delaware Dec. 17 where it made its plan for the new round of equity financing known. Whether this new round of financing is related to a possible IPO in 2011 is anyone's guess at this point; Groupon isn't talking.

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