Daily deals provider Groupon Inc. GRPN continues to exit international markets as a part of its restructuring plans. Fave platform developer KFit Group which acquired Groupon Indonesia in August recently acquired Groupon Malaysia. However, financial terms of the transaction were not disclosed.
Last September, Groupon announced the restructuring plan under which it not only started reducing headcount in North America but also exited certain international markets. Over the last nine months (ending Sep 30, 2016), Groupon ceased operations in six countries within its Rest of World segment and 11 countries within its Europe, the Middle East and Africa (EMEA) segment.
The exit from non-core markets is expected to aid Groupon focus on its key g…
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