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Groupon bought by Google for $2.5 billion?

Posted on Tuesday, November 30 2010 @ 19:05:46 CET by


Word is going around that Google has bought Groupon for $2.5 billion, a website that offers one deal per day for each market it serves. If true, the search giant may integrate the service into its Google Places business directory.
The acquisition – which is unconfirmed at this point – follows the rumors about Google being in talks to buy the popular local deals site, after Yahoo had failed to negotiate an acquisition for a $2 billion to $3 billion earlier this year.

Groupon is one of the quickest Internet (Internet) success stories in recent memory, with a $1 billion and climbing valuation, reported revenues of more than $50 million per month (the site is relatively new, having been launched in November 2008) and copycats, trying to emulate its success, sprouting nearly every day.
Source: Mashable



 



 

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