Report: Google on verge of buyin Groupon for $6 bill.
Chicago-based Groupon, a rapidly growing online discounter that launched in 2008, is on the verge of being bought by Google for as much as $6 billion, according to an article posted early Tuesday morning on the New York Times' website.
The Times reported that sources with direct knowledge of the matter said a $5-$6 billion acquisition could be struck this week.
Chicago-based Groupon is on the verge of being bought by Google, according to an article posted early Tuesday morning on the New York Times' website.
(Scott Stewart/Sun-Times)
The Times said Groupon CEO Andrew Mason declined an interview request, saying he would talk “only if you want to talk about my other passion, building miniature dollhouses.”
The possible $6 billion price would be one of Google's largest acquisitions and dwarf the $1.65 billion it paid for YouTube in 2006.
Groupon has more than 12 million registered users. They sign up for deal discounts, triggered when enough subscribers accept, ranging from 50-90% off retail goods and services.
Groupon is widely believed to be a hot acquisition target. The Times said the company rebuffed an offer from Yahoo in the $2 billion range.
source: suntimes.com
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