Groupon considering sale to Google

By Reuters
Posted Nov. 19, 2010 at 1:22 p.m.

E-commerce coupon site Groupon Inc. is considering either selling itself to Google Inc. or going ahead with a round of fund-raising that may value it at more than $3 billion, Bloomberg reported Friday citing sources.

The two have held talks about a deal, Bloomberg and The Wall Street Journal’s All Things D blog  reported.
Chicago-based Groupon, which launched about two years ago, sends its members daily e-mails with about 200 deals in 250 markets in North America.

The deals are activated only when a minimum number of people agree to make a purchase, giving Groupon clout to negotiate steep group discounts.

Groupon was not immediately available for comment. In an email to All Things D, a Google spokesperson said, “Per usual, we don’t comment on rumor or speculation. If we did we’d be busy 24/7!” It reported that a Groupon spokesperson responded: “Thanks for the heads-up!”

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One comment:

  1. Nora Nov. 24, 2010 at 7:33 a.m.

    It’s no surprise that companies with anything relating to group-buying or daily deals are growing and expanding their offers and getting more and more investors. It’s a popular trend that’s here to stay.

    A great way for consumers to find deals and sales in their respective areas is by using http://www.dailydealpool.com. This site will email you daily with the best buys available, ensuring you won’t miss a steal!