New Enterprises May Make $1 Bln From Groupon, N.Y. Post Says
New Enterprises Associates, a venture capital firm which invested $15 million for a 20 percent stake in Groupon Inc., may make a $1 billion profit if the takeover by Google Inc. of the U.S. daily coupon company goes ahead, the New York Post reported, citing a person familiar with the matter.
Google may pay as much as $5 billion for Groupon, giving New Enterprise a return of 66 times its original investment, one of the biggest returns in venture capital history, the newspaper reported.
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