Skip to content
Subscriber Only

Groupon Said to Seek New Funds After Rebuffing Google

Groupon Inc., owner of a daily coupon website with 40 million subscribers, is seeking funds after rejecting a takeover offer from Google Inc., three people familiar with the matter said.

The company aims to raise several hundred-million dollars, one of the people said. The increased financing would value Groupon at less than $6 billion, the amount Google offered in November, said two of the people, who asked not to be identified because the talks are private.