The technology company filed a lawsuit against Groupon on Wednesday at the U.S. District Court for the District of Delaware, Reuters reports.
"Groupon has refused to engage in any meaningful discussions about reaching a license agreement to end its infringement of IBM's patents," IBM says in its lawsuit, according to Reuters.
Groupon stock is up by 4.62% to $4.88 in late morning trading on Thursday.
Based in Chicago, Groupon operates an online marketplace that connects merchants and consumers.
Separately, recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
TheStreet Ratings rates this stock as a "sell" with a ratings score of D. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.
You can view the full analysis from the report here: GRPNGRPN data by YCharts