other material
confidence high
sentiment neutral
materiality 0.45
Groupon to sell part of SumUp stake for €8.4M; expects close by Oct 23
Groupon, Inc.
- Sale of ~9.4% of its ~2.3% interest in SumUp Holdings for €8.4M cash.
- Expected closing on or before October 23, 2023.
- Other SumUp investors also selling on same economic terms.
- Groupon continuing to evaluate monetization of remaining SumUp stake, GiftCloud, and IP assets.