Market Overview

IBM, Groupon Announce Settlement in Patent Litigation

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IBM (NYSE:IBM) and Groupon (NASDAQ:GRPN) today announced that they
have settled all patent lawsuits between the companies for approximately
$57 million paid to IBM and a long-term patent cross-license agreement
between the companies.

Dr. William Lafontaine, IBM's general manager of intellectual property,
said: "IBM invests over $5 billion annually in research and development.
This agreement further demonstrates the value of our intellectual
property that results from this innovation. We're pleased this matter
has been resolved."

As part of the settlement, IBM will consider making available certain
Groupon products and exclusives to its employee base as part of its
corporate benefits offer.

"The license we have acquired to IBM's patent portfolio will enable
Groupon to continue to build amazing products for consumers and small
businesses around the world. We look forward to sharing these products
directly with IBM employees," said Bill Roberts, Groupon vice president
of Global Communications.

About IBM

IBM is the world's leading cognitive solutions and cloud platform
company for the enterprise. IBM creates value for clients through
integrated solutions and products that leverage the full spectrum of
data, the most advanced information technology, deep expertise in
industries and business processes, a broad ecosystem of partners and
alliances and the world's premier industrial research labs. Learn more @ www.ibm.com
today.

About Groupon

Groupon (NASDAQ:GRPN) is building the daily habit in local commerce,
offering a vast mobile and online marketplace where people discover and
save on amazing things to do, see, eat and buy. By enabling real-time
commerce across local businesses, travel destinations, consumer products
and live events, shoppers can find the best a city has to offer.

Groupon is redefining how small businesses attract and retain customers
by providing them with customizable and scalable marketing tools and
services to profitably grow their businesses.

To download Groupon's top-rated mobile apps, visit www.groupon.com/mobile.
To search for great deals or subscribe to Groupon emails, visit www.groupon.com.
To learn more about the company's merchant solutions and how to work
with Groupon, visit www.groupon.com/merchant.

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