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Yahoo wants to buy Groupon for $4 billion

Written by Andre Yoskowitz (Google+) @ 09 Nov 2010 21:31 User comments (1)

Yahoo wants to buy Groupon for $4 billion According to multiple sources, Yahoo has made it clear it is willing to purchase deal-of-the-day behemoth Groupon for up to $4 billion USD.
Groupon localizes multiple deals per day to major markets in the United States. Offers range from coupons off food, to discounts on major surgeries, like laser eye corrective surgery.

Once a certain amount of users purchase the Groupon, the deal is activated.

Small businesses use Groupon as a way to get new clients in the door.

Although many other smaller rival services have popped up in the last year, Groupon remains the top dog in the market.

Yahoo has almost $3 billion in cash, and little debt.

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1 user comment

110.11.2010 6:37

Why does Yahoo! want to purchase Groupon?!? So they can destroy it? Kinda like what they did with Musicmatch: Take out your competitors. Corporate Greed IMHO. When will these companies ever learn?

This message has been edited since its posting. Latest edit was made on 10 Nov 2010 @ 6:38

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