Mergers and Acquisitions Recap: Groupon on the Uptake
Though profits are falling in Spain, Poland’s economy is growing apace, and that country’s Kredyt Bank has been purchased by Banco Santander (NYSE:STD) from Belgium’s KBC Groep (KBCSF.PK). The acquisition will allow Santander to strengthen its ties into that region, and then it will merge Kredyt with it own Polish division, which will create a company valued at around €5 billion ($6.7 billion).
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Three issues concerning music companies are being considered by the EC. A consortium of Sony (NYSE:SNE) and Blackstone (NYSE:BX) want to buy EMI’s music publishing options; the EC’s decision on that will be on April 2. Also, Universal’s (VIVHY.PK) purchase of EMI’s recorded music unit is being analyzed, and the question of whether Apple and others can prevent labels from co-ordinating prices is being studied.
In an acquisition said to be valued at “tens of millions,” Groupon (NASDAQ:GRPN) has bought Uptake, a provider of personalized travel information services, according to AllThingsD. Since going public the company has bought several startups (I, II) as well. Groupon seems to be aiming at acquiring engineering talent, but the goal could be to integrate Uptake’s technology with Groupon’s Getaways product.
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