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.Source: Mashable
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.
Groupon bought by Google for $2.5 billion?
Posted on Tuesday, November 30 2010 @ 19:05 CET by Thomas De Maesschalck