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Stock Market & Financial Investment News

News Breaks
January 10, 2014
11:25 EDTGRPNLivingSocial CEO Tim O’Shaughnessy to step down
LivingSocial, a company that competes with Groupon (GRPN) and others in the Daily Deals space and other online deal offerings, announced on its corporate blog that its CEO Tim O’Shaughnessy recently informed the company's Board of Directors that he will be stepping down as CEO of LivingSocial later this year. LivingSocial will start a search for a new CEO today and hopes to fill the position in the first half of 2014, O’Shaughnessy stated in a letter to staff. Reference Link
News For GRPN From The Last 14 Days
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August 17, 2015
13:11 EDTGRPNAlibaba unlikely to make competing offer for zulily, say Baird
zulily (ZU) shareholder Alibaba (BABA) is unlikely to make a competing takeover bid for the online retailer, Baird analyst Colin Sebastian tells investors in a research note. Alibaba, which upped its stake in zulily to 9% in May, likely views the company as an investment rather than a vehicle to enter the U.S. market, Sebastian argues. This morning, Liberty Interactive (QVCA) announced it had reached an agreement to acquire zulily for $18.75 per share or $2.4B. The analyst sees strategic benefits from the deal. Increased takeover activity in the small-cap internet space could support the valuations of the remaining independents, including ChannelAdvisor (ECOM), Yelp (YELP), Groupon (GRPN), Angie's List (ANGI) and RetailMeNot (SALE), Sebastian writes. Shares of zulily are soaring 47% to $18.50 following the takeover agreement.

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