Fidelity Investments, T. Rowe Price, and Morgan Stanley are “negotiating financing commitments” the blog says, with the possibility that financing could total $950 million. Google offered the social commerce site $6 billion, but was rejected. According to the story, analysts have predicted that Groupon would gather a round of financing and then execute the IPO.
The company recently hired a CFO, Jason Child, former VP of finance for international business at Amazon.com, another sign the company is preparing to go public, the story reads.
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