Groupon Acquires Cloud Savings Company, Ltd. – CWEB.Com
Groupon Inc. (GRPN ) announces it has acquired Cloud Savings Company, Ltd., parent company of online discount code platform Vouchercloud and brand loyalty provider Giftcloud, for $65 million.
Groupon stock price has risen since last summer by 60%. It was profitable on an adjusted basis to all of 2017. Many analysts see the stock rising in 2018. Groupon delivers record quarterly net income and adjusted EBITDA. 2018 adjusted EBITDA guidance of $260 million to $270 million.
Groupon Achieves 10% Gross Profit Growth in the Fourth Quarter. As noted in the Fourth Quarter and Fiscal Year 2017 Results CEO Rich Williams states “In 2017, we made progress in creating a better customer experience that removed friction for our customers while also maximizing gross profit,” “We are excited to build on this success in 2018, combining our growing mobile penetration and platform power to ultimately become the daily habit in local commerce for customers and merchants.”
CWEB Analyst’s have initiated a Buy Rating for Groupon Inc. (GRPN) , and a Price Target of $8
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