Coupons.com acquires 50% stake in UK similar sites

Sina Science and technology news Beijing time of October 13, in the morning of the completion of two rounds of financing, a total of 230 million U.S. dollars, the United States's largest electronic coupon website Coupons.com announced in Wednesday, has acquired a similar business in the United Kingdom Couponstar of the electronic coupon site 50% equity.　　The exact amount of the deal has not yet been disclosed, but two companies have jointly said that Couponstar will be renamed Coupons.com in the UK and Europe.　　Founded in 2002, Couponstar 4 years later than Coupons.com, the company now dominates the electronic coupon market in the UK and Europe, with about 57% of British consumers saying they have downloaded coupons from the site for shopping. "The acquisition of Couponstar can lay a solid foundation for us to build a global brand," said Steven Boal, Coupons.com's CEO Stephen Port. Coupons.com has always admired Couponstar's ability to innovate and to build up the electronic coupon market in the UK, continental Europe and Australia. In addition, the company also has a solid user base, and its excellent customer service philosophy and coupons.com consistent. "Couponstar currently has about 20 full-time employees who will all join Coupons.com and Couponstar's founder and operations director Gerald Ki (Jared Keen)　　will also continue to serve as the operational director of Coupons.com Europe and will become a board member. "We will have a positive development plan and a substantial increase in the number of employees, and by the end of this year, we will increase the number of full-time staff from 288 to 450 by the end of June, equivalent to a further 50% in a year," Bohr said in an interview. "Coupons.com last week raised 30 million dollars from the venture capital's Greylock, which is estimated at $1 billion for coupons.com," said the company. In 2010, coupons.com a total of more than 322 billion dollars in electronic coupons, and in the United States with the highest number of visitors ranked 39th, and its cooperation with retailers across the 46,000 regions across the United States. The company's revenues are expected to reach $100 million trillion this year, compared with 60 million in 2010 and 40 million in 2009 in the previous two years. (linjing) to share: