Comcast’s New Fund Invests $250 Million in Ailing Groupon

Philadelphia Inquirer: Former Comcast CFO Michael Angelakis, now running a $4 billion Comcast-backed investment fund, made his first big bet Monday with a $250 million investment in battered online-deals site Groupon. Angelakis will join the Groupon board as part of the transaction. The deal is Comcast’s latest foray into digital media after previously announcing stakes in BuzzFeed and Vox Media.