Ted Leonsis News
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Groupon Inc., the biggest daily deal website, jumped 12 percent after analysts at Deutsche Bank AG upgraded the stock, citing optimism that increasing use of the company’s mobile application can boost sales.
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Revolution LLC, run by America Online Inc. co-founder Steve Case, is investing in an e-commerce kids’ clothing startup that does the majority of its sales through Facebook Inc.
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Groupon Inc. shares jumped the most in more than two months after the daily deal website’s first- quarter revenue surpassed analysts’ estimates, buoyed by increased coupon sales through its mobile applications.
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Groupon Inc. shares jumped the most in more than two months after the daily deal website’s first- quarter revenue surpassed analysts’ estimates, buoyed by increased coupon sales through its mobile applications.
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Groupon Inc. Vice Chairman Ted Leonsis ’ venture firm is an investor in rival LivingSocial and has ties to its board, a relationship that could pose a conflict, according to corporate-governance experts.
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Billionaire Ted Leonsis, owner of the Washington Wizards and Washington Capitals, said reading was the key to his success.
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Groupon Inc.’s decision to fire Andrew Mason puts pressure on Chairman Eric Lefkofsky to find a replacement who can create a money-making business after the daily-deal provider lost $723.8 million in the past three years.
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The family of late Washington Wizards owner Abe Pollin reached an agreement to sell its stake in the team and its arena to a group led by minority owner Ted Leonsis.
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Former Groupon Inc. Chief Executive Officer Andrew Mason, who was fired in February by the company he co-founded, received a compensation package last year of $5,291.
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Groupon Inc. ousted Andrew Mason as chief executive officer a day after reporting results that disappointed investors and underscored his failure to cope with diminished demand for daily coupons, the company’s main product.
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