Groupon may divest 4 businesses: analyst

Portland

GROUPON Inc could divest four businesses in the next two years, netting as much as US$730 million, to raise cash as it expands into an e-commerce marketplace, according to Gene Munster, an analyst at Piper Jaffray Cos.

Groupon has a market value of about US$5 billion, though it should be closer to US$6 billion because those businesses are undervalued, Mr Munster pointed out.