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Groupon has a fever, and the only prescription is more funding. According to
this SEC form, the daily deal giant has received yet another infusion of capital, this time at just over $6 million. This comes on the heels of Groupon's recent
$16.2 million round as well as its unprecedented $950 million round back in January. Groupon has been a very busy company of late. Several days ago, the daily deals site
acquired Whrrl creator Pelago, and today it
announced the hiring of Google VP
Margo Georgiadis and Amazon?s Jason Child as CFO in December. The funding, it seems, is directly related to its recent acquisition of Pelago. According to the filing, "This offering is being made in connection with the purchase by a subsidiary of the Issuer of certain assets of Pelago, Inc."
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Source: http://feedproxy.google.com/~r/Techcrunch/~3/mMKdYsxRmS4/
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