Buys U.K. Couponstar After Big Fund-Raising Round

Following two back-to-back rounds worth $230 million, says it has acquired the remaining 50 percent stake in Couponstar, a European digital coupons company. Terms of the deal were not disclosed., which is working to make traditional paper coupons digital, raised $30 million last week from Greylock Partners, which valued the company at $1 billion. In June, it received a $200 million cash injection.

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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald