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Groupon News Today: Buffett to Eye IPO

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Groupon News Today: Buffett to Eye IPO

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Inc. Well is trying something different. With news pouring in daily about Chicago daily deal pioneer Groupon, it seems fitting to round up the majority of breaking news from various media outlets. Here goes:

Heavyweight investor Warren Buffett told Bloomberg News he’s thinking of buying another company – and plans to read Groupon Inc.'s filings for an initial public offering. No relation that we know of so far, but we can speculate. Also Groupon’s losing traction in Boston, and one business source says daily deals offering products have more weight with customers than services. (Bloomberg TV)
  • Buffett said  he hopes to buy another company this year and that Chicago-based Exelon Corp. and Decatur-based Archer Daniels Midland Co. are the types of firms that interest him. But he’s also checking out Groupon. (Crains
  • Meanwhile Andrew Mason is touted as among the “new wave of Internet billionaires” at the Allen & Company Sun Valley conference (New York Times
  • On the negative side, Groupon’s domination in the Boston daily deal market has slipped due to copycats. (Wall Street Journal
  • And analysts say that in the daily deal scene, products have more weight with customers than services.(Business Insider)

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