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Chicago Sun-Times
Chicago Sun-Times
National
David Roeder

Cash-strapped Groupon pays to end Chicago headquarters lease early

Groupon is paying to get out of its lease early at 600 W. Chicago Ave. (Sun-Times file photo)

Groupon, the provider of online deals that has warned it might run out of cash in the next 12 months, is terminating its lease early for its headquarters at 600 W. Chicago Ave.

The company, which has laid off 1,000 employees in recent months, disclosed the lease termination in a regulatory filing. It said it paid $9.6 million to allow it to end its lease on Jan. 31, 2024 — two years earlier than expected.

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