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Groupon rejects Google's $5.3 billion offer

Written by Andre Yoskowitz @ 04 Dec 2010 2:26 User comments (2)

Groupon rejects Google's $5.3 billion offer

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.

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2 user comments

14.12.2010 13:49

Thou Shalt Not Kill
Thou Shalt Not Bare False Witness Against Thy Neighbor
Thou Shalt Not Refuse To Be Acquired By Google

24.12.2010 14:10

I loved Google, I still do, but I'm worried all the power they've secured and are consistently securing will eventually overcome them. I like that many of their services are free or opensource, but I can't help but feel that a devious plot will be brewing in the near future.

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