AfterDawn: Tech news

Groupon actively considering acquisition by Google

Written by Andre Yoskowitz @ 19 Nov 2010 5:48

Groupon actively considering acquisition by Google

According to Bloomberg, Groupon is actively considering an acquisition by search giant Google, which has offered an unknown amount for the daily deal site.
Groupon was recently valued at over $3 billion.

The daily deal giant is also still weighing whether to rebuff the offer, and instead have another round of funding.

Groupon will likely take until the end of the year to make their decision, say the sources.

If the deal goes through, the acquisition will almost certainly become Google's most expensive ever, topping the $3.2 billion they paid for online advertising provider DoubleClick two years ago.

Overall, Google has spent $1.6 billion on acquisitions this year alone, picking up 21 companies. That number does not include the pending $700 million acquisition of travel data aggregator ITA.



Groupon has 300 markets in 29 countries, with revenues expected to top $500 million this year.

Previous Next  
Comments have been disabled for this article.

Latest news

Roomba Combo j7+ review - Clever trick allows robot vacuum finally to tackle home with rugs and carpets Roomba Combo j7+ review - Clever trick allows robot vacuum finally to tackle home with rugs and carpets (06 Jun 2023 9:19)
Roomba Combo j7+ is the very first Roomba model to combine robot vacuum with mopping features. And Roomba Combo j7+ does all that with a very clever trick, which tackles the problem with mopping and carpets. But is it any good? We found out.
Neato, the robot vacuum company, ends its operations Neato, the robot vacuum company, ends its operations (02 May 2023 3:38)
Neato Robotics has ceased its operations. American robot vacuum pioneer founded in 2005 has finally called it quits and company will cease its operations and sales. Only a skeleton crew will remain who will keep the servers running until 2028.
5 user comments
How to Send Messages to Yourself on WhatsApp How to Send Messages to Yourself on WhatsApp (20 Mar 2023 1:25)
The world's most popular messaging platform, Meta-owned WhatsApp has enabled sending messages to yourself. While at first, this might seem like an odd feature, it can be very useful in a lot of situations. ....
18 user comments
How to Enable Bluetooth on Stadia Controller How to Enable Bluetooth on Stadia Controller (11 Feb 2023 1:04)
Google shut down its streaming game service Stadia late last month and this means that some people have Stadia controllers lying around that seem to be of no use. That is fortunately not the ....
2 user comments
Guide: How to Kick Unwanted Guests from Your Netflix Account Guide: How to Kick Unwanted Guests from Your Netflix Account (26 Jan 2023 2:14)
Sharing a Netflix account with a person in a different location is possible and indeed very common, although the company doesn't necessarily enjoy this behavior from their customers. However, ....

News archive