Groupon non acquisition by Google
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Google acquires Groupon for $2.5B?
Rumors of a Google/Groupon deal have been swirling for weeks, and now Google has apparently bought the daily deal company for $2.5 billion, an anonymous source tells the news site Vator News . Neither company has confirmed the news yet, and we’ve sent in our own inquiries regarding the deal. All Things Digital reported a few weeks ago that Google and Groupon were in talks, which sparked countless follow-up rumors. At the time, we argued that a Google buyout would be terrible for Groupon because the search giant lacks a human touch. Still, a Google/Groupon union makes sense.
Forget the rumor that Google acquired Groupon for $2.5 billion ; the search giant is about to close a deal for the group-buying service for a whopping $5.3 billion to $6 billion, according to multiple reports. It would be worth every penny. The deal is worth $5.3 billion with an additional $700 million earnout based on performance, according to All Things D . The New York Times reports that a deal could be completed as soon as this week. With a price tag almost double that of DoubleClick , Google’s biggest acquisition to date, there are still plenty of ways for this deal to fall apart. Earlier this year, Yahoo tried to snag the group-buying company , but failed.
Google May Acquire Groupon for $6 Billion, and It Would Be Worth Every Penny
... according to an unnamed insider who spoke with VatorNews. Neither Google nor Groupon could be reached for comment to confirm the report, but Vator's source is reliable and the report falls in line with the recent string of Groupon acquisition rumors. Tuesday Kara Swisher at All Things D reported that her sources said that Google will pay $5.3 billion plus a $700 million earnout if Groupon meets sales targets.
Google Buying Groupon Doesn't Make Sense
Google’s $6 billion bid for Groupon, an online coupon start-up, is an aggressive move by the company to dominate local online advertising and help with its long-sought move into social networking. Google has offered Groupon $5.3 billion, with the promise of $700 million in performance bonuses for management, according to a person knowledgeable about the matter who spoke on the condition of anonymity. Several people close to the deal said Groupon, which is based in Chicago, was expected to approve the acquisition and an agreement could be signed as early as this week. Noah Berger/Bloomberg News Andrew Mason, the founder and chief executive of Groupon. If the deal is completed, Groupon will stand as Google’s largest acquisition, easily topping the company’s $3.1 billion purchase of DoubleClick in 2007.
Google Raises Concerns
Google Inc.'s GOOG -1.11% multibillion-dollar bid to acquire local deals site Groupon Inc. ended Friday as the two sides broke off talks, according to a person familiar with the matter. Getty Images Negotiations between Google and Groupon eated up over the past week but Groupon's board, many of whom are investors, was divided on whether to accept Google's offer. Here, Groupon's headquarters in Chicago. Negotiations between the two companies heated up over the past week but Groupon's board, many of whom are investors, was divided on whether to accept Google's offer.
