Groupon Turns Down Google’s Takeover Bid

According to multiple reports late Friday, Groupon has walked away from a rumored $6-billion acquisition offer from Google, and is choosing to go it alone — and possibly file for an initial public offering next year. Rumors about a Google deal for the group-buying company have been swirling all week, with the price Google had offered reported initially at $2.5 billion and then as high as $6 billion. The collapse of the deal was first reported by a website associated with the Chicago Tribune, which quoted two sources with “direct knowledge of the situation,” and Groupon’s decision to walk away from the table was also confirmed by several other technology blogs through their own sources.

Groupon Turns Down Google’s Takeover Bid

Backlink: http://feedproxy.google.com/~r/OmMalik/~3/U-77o3NnnXU/

Comment on Groupon Turns Down Google’s Takeover Bid by 2plus2equals5

"If it had closed at $6 billion, the deal would have been almost twice the size of the search company’s largest acquisition ever (the $3.1-billion purchase of DoubleClick in 2007), more than four times the size of its second-biggest deal, the purchase of YouTube for $1.65 billion in 2006." Thanks for doing the calculations for us... but $6 billion is not more than four times $1.65 billion.

Comment on Groupon Turns Down Google’s Takeover Bid by 2plus2equals5

Backlink: http://gigaom.com/2010/12/03/groupon-turns-down-googles-takeover-bid/#comment-534943