Groupon (GRPN -7.4%) paid $15M-$20M to acquire restaurant reservations/discounts platform...

|By:, SA News Editor

Groupon (GRPN -7.4%) paid $15M-$20M to acquire restaurant reservations/discounts platform Savored, Fortune reports. Shares have tumbled below $5 today in the absence of major news, as recent consumer Internet IPOs remain under pressure. Zynga (ZNGA -4.4%) is also selling off.