Seth Weintraub

Today in Tech: Groupon's $25 billion IPO

March 17, 2011: 9:55 AM ET

A curated selection of the day's most newsworthy tech stories from all over the Web. Sign up to get the newsletter delivered to you everyday.

  • Groupon CEO and founder Andrew Mason. Photo: Bloomberg

    Groupon is reportedly in talks with various banks over an initial public offering (IPO) that would value the daily deals site for as much as $25 billion, roughly half of what Facebook is currently worth. Given Groupon's recent actions -- walking away from Google's $6 billion offer, building a staff of 5,900 employees, and expanding into countries like China -- the IPO move, which could happen some time this year, certainly makes sense. (Bloomberg)

  • Venture Capital firm Andreesen Horowitz is investing $49 million in Bluetooth headset-turned-audio tech maker Jawbone, giving the company some $100 million in funds altogether and the backing necessary to grow its staff beyond the 200 or so currently employed staffers. Partner Ben Horowitz, who joins the company's board, attributes the firm's decision to the company's ability to "take smartphones and tablets computers and bring them to life." (Wall Street Journal) More
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