Groupon reportedly seeks a buyer

Chicago-based Groupon is looking to be bought out, CNBC reported, citing a report in Recode.

Executives and representatives of the company have recently geared up efforts to lure possible buyers, according to the publication. But it is not clear whether that endeavor has been successful.

Alibaba, which bought nearly 6 percent of the company in 2016, has been reported as a potential suitor, CNBC reported over the weekend.