Groupon non acquisition by Google
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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.
Posted by Tom Foremski - November 30, 2010 UPDATED: Faith Merino at VatorNews reported Monday that Google has purchased Groupon for $2.5 billion: " ... according to an unnamed insider who spoke with VatorNews.
Article Tools Facebook Twitter Google+ E-mail Share Print 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.
By AMIR EFRATI , GINA CHON and GEOFFREY A. FOWLER Google Inc.'s GOOG -1.06% 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.