Monday, 09 July 2018 15:38

Groupon seeking buyer, Musk offers to help with Thailand cave rescue

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STATEWIDE - Ongoing Brexit drama and Elon Musk's offer of assistance in the Thailand cave rescue are among the business happenings making news on Monday.

Groupon reportedly is looking for a buyer. Company executives have reached out to several public companies in the past month to gauge interest.

 

Groupon, which launched a decade ago, is worth $2.4 billion, down from a high of $16 billion in 2011.

 

The most senior official in charge of negotiating Brexit has left his post.

 

David Davis reportedly resigned Sunday after prime minister Theresa May said her government would keep ties with the European Union once the United Kingdon leaves. The move upset lawmakers, who claim it will limit Britain's ability to strike new trade deals.

 

KLM is halting flights to Tehran. The Dutch airline said that is because of the outlook following the United States' withdrawal from the Iran nuclear deal. KLM's last flight will leave Amsterdam on Sept. 22.

 

Meanwhile, Elon Musk wants to help the Thai soccer team that is still trapped in a cave.

 

On Sunday, Musk tweeted a video of a mini-sub his team built that simulates maneuvering through a narrow passageway similar to what the Thai soccer team experienced.