Groupon Ventures Into Real Estate
CHICAGO (WBBM) -- Chicago-based Groupon has found new "real estate" in the fiercely competitive daily deals industry.
As WBBM Newsradio 780's Kris Kridel reports, Groupon will offer its first deal featuring real estate. Twenty-five dollars will buy $1,000 cash at closing with Chicago-based online broker Dreamtown Realty.
LISTEN: Newsradio 780's Kris Kridel reports
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The deal launches Monday.
While Groupon has a commanding lead in the daily deals sector, its closest competitor, Living Social, is raising millions in investments, and hundreds of startups are vying for space. This is leading to debate over a group-buying bubble at this week's first ever Daily Deals Summit.
