Groupon and its bankers have been actively working to sell the company, Recode reports, citing two people familiar with the move. The deals site has struggled in recent years, falling from a $16 billion valuation at the time of its IPO in 2011 to around $2.4 billion today. Alibaba, which bought close to 6% of Groupon in 2016, and IAC, whose CEO Joey Levin sits on Groupon's board, are the most likely candidates to buy the company, Recode reports.
