June 6, 2016

Groupon is selling its Indonesia business to fitness membership startup KFit

CHICAGO, IL - NOVEMBER 30: A sign marks the location of the Groupon headquarters on November 30, 2010 in Chicago, Illinois. Rumors are circulating that Google is close to reaching a deal to buy Groupon for a reported $5.3 billion. (Photo by Scott Olson/Getty Images) Groupon continues to streamline its business in Asia after it announced the sale of its operations in Indonesia to a somewhat unlikely buyer. KFit, a startup that sells gym and fitness memberships in the same style as ClassPass, is picking up Groupon Indonesia in an undisclosed deal. Read More

Source: TechCrunch