American grouped purchases giant Groupon is entering Israel and purchasing local coupon website Grouper, Calcalist reported Tuesday. The deal is estimated at $15 million – an impressive return for an initial investment of only tens of thousands of shekels by Grouper’s founders: Dori Hilleli, Dotan Stav and Yuval Karjevski.
The three founders are expected to receive about $4 million each. Ido Pollak, CEO of the New Media division at RGE Group, may get $1-2 million.
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