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Groupon Gets Into Mass Transit

The Chicago Transit Authority will make a $1.8 million first-of-its-kind deal to offer fare passes on Groupon. Groupon is paying the transit agency $1.882 million, or $7.53 apiece, up front for 250,000 3-Day passes, which it will sell for $9, the CTA said in a release. The deal saves Groupon members $5 off the CTA’s current $14 price tag for the passes, and could be offered as soon as the end of June, CTA said. 

Read the whole story at Chicago Sun-Times »

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