Closely held coupon website Groupon is seeking venture funding that would value it at $2 billion to $3 billion, Bloomberg News reported Monday, citing unidentified sources.

Groupon, which sends daily coupons to about 20 million subscribers in 230 markets, plans to expand into 300 markets by the end of the year, according to the story.

Last month, rumors circulated that search-engine operator Yahoo (YHOO) was offering between $1.5 billion and $3 billion for Groupon, a step up from the $1.35 billion that the company was worth during its most recent funding valuation.

Founded in late 2008, Groupon became profitable after roughly eight months, Groupon CEO Andrew Mason told Bloomberg. The company has raised $170 million from investors such as Facebook backer Accel Partners and New Enterprise Associates, Bloomberg reported.

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If Groupon does get a good deal in order to help them expand their services, that will be great news for both consumers and businesses alike. Everybody wants to try out Groupon. A great site to use to find the deals and sales in your area from Groupon and other daily deal sites is They'll send you a daily email with the best discounts, ensuring you can always save.

November 09 2010 at 9:49 AM Report abuse rate up rate down Reply