Groupon Raising Nearly $1 Billion in Funding: Report

Documents filed Dec. 17 authorize Series G round of preferred stock

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    Chicago-based Groupon may have recently raised nearly $1 billion in venture capital.

    Documents reportedly filed and discovered by the website VCExperts.com indicate the company filed a certificate to authorize a $950 million Series G round of preferred stock on Dec. 17.

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    The report also put the company's valuation at $6.4 billion.

    The new round of funding comes just weeks after reports that the group-buying website rejected a $6 billion acquisition offer from Google.

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    Groupon has not commented publicly on either report.

    If the latest report is accurate, the round of funding would be the biggest since Pixar sought roughly $500 million in 1995, Reuters reported.

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    Rounds A through F totalled $171 million, according to the website CrunchBase.com.