This Is Not a Typo: Raises $200 Million

UsWeeklyCouponsComEach and every day, there are signs of just how profitable the twain of The Great Recession and self-serve discount savings could turn out to be. The latest evidence, via Reuters, was almost enough to make us lose our 2-for-1 breakfast., a Silicon Valley start-up that has been around for more than a decade, announced that it has raised a whopping $200 million from institutional investors. The company plans to use half the cash to buy back stock and the remainder to solidify its nine-figure annual revenues standing alongside newer vertical pals Groupon and LivingSocial: plans to add around 100 people to its 300-person staff this year, CEO Steven Boal said. The company has offices in Silicon Valley and London, and is opening offices in Chicago, Los Angeles, and New York.

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