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Rumor: Google Buys Groupon For $2.5 Billion
According to news reports, Vatornews reports Google has bought Groupon for $2.5 billion citing a “reliable source” familiar with the situation.
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.
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Angela Shupe on November 30th, 2010 9:22 am
If that’s true than I think that would be an interesting move. Maybe I shouldn’t be surprised, Google does like to buy random businesses, but it has me interested to see what they will do/if they will make any changes to the setup.
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