According to multiple sources, Groupon has rejected Google's massive offer to acquire the company.
The search giant had offered $5.3 billion, with another $700 million in performance-based incentives.
It appears Groupon's board of directors were divided on the decision to sell, with some new directors believing the company will be worth even more in a couple of years.
Other sources say the daily deal site will instead launch an initial public offering in 2011.
Groupon has 35 million users in 300 cities.
It appears Groupon's board of directors were divided on the decision to sell, with some new directors believing the company will be worth even more in a couple of years.
Other sources say the daily deal site will instead launch an initial public offering in 2011.
Groupon has 35 million users in 300 cities.
