Groupon (NASDAQ: GRPN) today announced it has entered into an agreement for a $250 million investment from Atairos, an independent private company focused on supporting growth-oriented businesses across a wide range of industries. In connection with the investment, Michael Angelakis, Chairman and Chief Executive Officer of Atairos, will join Groupon’s Board of Directors.
“Our partnership with Atairos will help accelerate our transformation while better positioning us to execute on our strategy and mission to build the daily habit in local commerce -- which we continued to make progress on in the first quarter,” said Groupon CEO Rich Williams. “I am extremely pleased that a respected, long-term oriented partner like Atairos shares our view about the vast opportunity ahead for Groupon.”
Atairos was launched earlier this year with more than $4 billion in
Groupon (NASDAQ: GRPN) today announced it has entered into an agreement for a $250 million investment from Atairos, an independent private company focused on supporting growth-oriented businesses across a wide range of industries. In connection with the investment, Michael Angelakis, Chairman and Chief Executive Officer of Atairos, will join Groupon’s Board of Directors.
“Our partnership with Atairos will help accelerate our transformation while better positioning us to execute on our strategy and mission to build the daily habit in local commerce -- which we continued to make progress on in the first quarter,” said Groupon CEO Rich Williams. “I am extremely pleased that a respected, long-term oriented partner like Atairos shares our view about the vast opportunity ahead for Groupon.”
Atairos was launched earlier this year with more than $4 billion in