Google Eyes on Groupon, Looking At As A Possible Acquisition

Kara Swisher at AllThingsD reports "Google is in discussions with local deals powerhouse Groupon about buying it. She said she has "multiple sources" close to the deal that say Google is very interesting in making a bid on Groupon."In an email, a Google spokesperson said with some style: "Per usual, we don't comment on rumor […]

Share online:

Kara Swisher at AllThingsD reports "Google is in discussions with local deals powerhouse Groupon about buying it. She said she has "multiple sources" close to the deal that say Google is very interesting in making a bid on Groupon."

In an email, a Google spokesperson said with some style: "Per usual, we don't comment on rumor or speculation. If we did we'd be busy 24/7!"

Groupon is a local deals coupon site that has grown in popularity. Clone after clone has been created trying to replicate the model.

In April, Groupon garnered a valuation of well above $1 billion in a massive venture funding.

It has used that money to buy up companies in the U.S. and internationally, trying to solidify itself as the major player in the marketplace.

If Google were to complete a deal to buy Groupon, it would have echoes of its purchase of YouTube in 2006 for $1.6 billion.

[Source]

About The Author

Deepak Gupta is a IT & Web Consultant. He is the founder and CEO of diTii.com & DIT Technologies, where he's engaged in providing Technology Consultancy, Design and Development of Desktop, Web and Mobile applications using various tools and softwares. Sign-up for the Email for daily updates. Google+ Profile.