The acquisition – which is unconfirmed at this point – follows the rumors about Google being in talks to buy the popular local deals site, after Yahoo had failed to negotiate an acquisition for a $2 billion to $3 billion earlier this year.
Groupon is one of the quickest Internet success stories in recent memory, with a $1 billion and climbing valuation, reported revenues of more than $50 million per month (the site is relatively new, having been launched in November 2008) and copycats, trying to emulate its success, sprouting nearly every day.
Photo by Google/Groupon.
|6 Foreign Foods Invented In USA|
|Why ‘Lumberjack’ is No Longer a Job|
|The Invention of the Red Party Cup|
|Let the Dogs Do the Laundry|
|How the Differential Gear Works|
|Taking Kid’s Inventions to the ‘Next Level’|
|Romanian Salt MineThat Became a Tourist Attraction|
|How Simple Ideas Lead to Scientific Discoveries|
|A Day in the Life of a Mortician|
|50 Years, 50 Toys|