Groupon (GRPN) Lower as CityDeal Co-Founders Schmidt, Schröppe Hit Exits
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Groupon (Nasdaq: GRPN) shares are dipping at the start amid reports Thursday that the co-founders of CityDeal -- Thorsten Schröppe and Sebastian Schmidt -- have decided to leave the company.
Reports come from German blogs Gruenderszene and VentureVillage.
Groupon acquired CityDeal in 2010, tough terms of the acquisition weren't disclosed.
Reports come from German blogs Gruenderszene and VentureVillage.
Groupon acquired CityDeal in 2010, tough terms of the acquisition weren't disclosed.
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