Support The Moscow Times!

Groupon Acquires Russian Web Site

U.S.-based online ticket provider Groupon said Wednesday that it was purchasing a controlling stake in Russian competitor Darberry.

Darberry, which offers daily deals to subscribers, will begin operating under the Groupon brand within the next couple of months, and its founder, Alexei Chernyak, will stay on to lead the subsidiary, the U.S. company said.

Groupon also said it was acquiring Japan's Qpod, which provides a similar service.

“The launch of Groupon Japan and Groupon Russia reaffirms our global expansion into Asia and deeper into Europe,” Rob Solomon, Groupon's president and chief operating officer, said in a statement.

The terms of the deal were not disclosed.

The acquisition of Darberry will not be Groupon's first experience with Russian business. In April, media holding Digital Sky Technologies led a $135 million round of funding for the Chicago-based web site.

DST, which owns stakes in and Facebook, among other social media enterprises, did not disclose the terms of the deal.

Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.