Groupon Acquires SideTour and 2 More Heavily Traded Stocks to Follow
Groupon Inc. (NASDAQ: GRPN): Current price $11.55
In separate blog posts, Groupon and SideTour said Wednesday that the former purchased the latter, which enables users to both host and join different travel experiences. Presently, SideTour has operations in four major cities – Chicago, New York, Philadelphia, and Washington, D.C., but it plans to expand across the United States and around the world. Financials of the transaction were not reported, but in a disclosure to the Securities and Exchange Commission in March, SideTour said it had raised $2.5 million in addition to $1.5 million it raised in October 2011.
Advanced Micro Devices Inc. (NYSE:AMD): Current price $3.93
AMD announced Wednesday that it will webcast a special product showcase occurring at the AMD GPU ’14 Tech Day event September 25 at 3 p.m. Eastern Daylight Time. A realtime video webcast of the showcase can be accessed on the Investor Relations homepage. A replay can be accessed about one hour following the conclusion of the live event and will be available for 30 days afterwards.
Staples Inc. (NASDAQ:SPLS): Current price $15.12
Staples and RadioShack Corp. (NYSE:RSH) have taken Amazon.com Inc. (NASDAQ:AMZN) lockers out of their stores after the partnership did not meet expectations. The two retailers began testing the system, which Amazon shoppers could have a Web order delivered to a store and then pick it up for no extra cost, in 2012. The service permitted customers, particularly urban apartment and condo residents, to not have to be home to receive a package or risk a delivery being stolen because it had to be left on a doorstep or in a lobby. The decision to enter the partnership came at a time when the online retailing major was already a major rival to both chains.