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Network of the Group Buying Bandwagon

Whether the recent news of acquisitions and IPOs is a sign of even better days to come for social buying or just a passing phase, there’s definitely a lot of newcomers hoping to catch the tail-end of this sector’s meteoric rise.

August 1, 2011 2:46 by

Andrew Mason launched Groupon in November 2008 in Chicago. It serves more than 500 markets in 43 countries. This soon spread to the MENA region becoming Groupon (UAE) in March 2011.  Last year, Groupon turned down a $6 billion (Dh22 billion) takeover offer from search giant Google and claimed it had 50 million subscribers at the start of the year. Deals range from restaurant meals to spa treatments and to gym memberships. Groupon said last month it hoped to raise up to $750 million in an IPO, which could value the firm at as much as $15-20 billion. It’s the first international group buying site to land on Middle Eastern soil, even though it was still late to the game.

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  1. deal of the day site on August 4, 2011 7:48 am

    Thanks for sharing, this is a fantastic blog. Really looking forward to read more. Cool.

  2. Carylon from chinese gender chart  on August 12, 2011 10:08 am

    Dubai Business | Kippreport
    » . Gulf UAE

    Network of…» Network of the Group Buying Bandwagon – !! interesting..

  3. c sections on September 24, 2011 12:09 am

    for the guy who saidlastnightabout costs of steel sheet,it realy depends where you go to buy it, z45 as much assix ninty pounds per metric tonne and standard is around £640 per ton- hope this helps

  4. gendeng on October 31, 2011 3:00 pm

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