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Malaysian health and fitness company KFit Holdings is about to enter the Indonesian market after signing a deal to acquire eCommerce company Groupon Indonesia. For an undisclosed amount, the acquisition will see KFit enter Indonesia with Groupon as a wholly…
Groupon Indonesia will become a wholly-owned subsidiary of KFit and Groupon Inc will be a strategic shareholder of KFit. The terms of the deal have not been disclosed. A report in the Chicago Tribune said Groupon announced the sale on Monday, the latest step…
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