Google Close to Acquiring Groupon
It is being reported that Google are very close to finalizing its largest acquisition in their history. Google has offered between $2.5 and $6 billion for the online daily deal site Groupon. If true, Google’s Groupon purchase would be almost double the cost of its $3.1 billion DoubleClick buy. Groupon had earlier turned down a $2 billion bid from Yahoo.
Groupon has been at the center of speculation about an acquisition for weeks, with Internet giants eBay, Yahoo, Amazon and Google among possible buyers. Monday’s rumor du jour was that Google had agreed to buy the deal-a-day company for $2.5 billion. This amount would fall below the north-of-$3-billion valuation that Groupon is reportedly seeking, but the very prospect of a Google-Groupon deal was enough to send tongues wagging across the Web.
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