Coupon Duo Now Worth $1.5 Billion After Honey’s Sale to PayPal
- Honey co-founders Ruan, Hudson completed the sale this month
- Company helps consumers to automatically apply coupons online
This article is for subscribers only.
Clipping coupons is no way to amass a modern mega-fortune, but two Los Angeles men who reinvented the practice for the internet age have just reaped about $1.5 billion.
That’s the estimated pretax haul for Honey Science Corp. co-founders George Ruan, 40, and Ryan Hudson, 39, following the $4 billion sale of their firm to PayPal Holdings Inc., according to EquityZen, a marketplace for shares of closely held companies. Ruan, the chief executive officer, and Hudson received roughly $900 million and $575 million, respectively.