VatorNews: Source Claims Google Bought Groupon For $2.5 Billion

Amit Chowdhry | Monday November 29, 2010 | 936 views| Add a Comment
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According to a source with Vator.tv, Google has acquired Groupon for $2.5 billion. They said that Google nor Groupon could be reached for comment, but Vator.tv says that their source is reliable. Rumor about Google making offers to Groupon has been around since November 19th when the search giant offered $2-$3 billion. Then supposedly Yahoo! was considering to spend $4 billion to buy out Groupon.

Groupon’s revenues are rumored to be at about $50 million per month. In their last round of funding in April, Groupon’s valuation was placed at above $1 billion. Groupon has about 20 million subscribers in 29 countries across North America, Europe, Latin America, and Asia.

Related posts:

  1. Groupon Raises Funding, Giving Them $1.35 Billion Valuation
  2. Google In Early Discussions About Buying Out Groupon [RUMOR]
  3. Groupon Is Seeking Funding That Would Give Them A $3 Billion Valuation
  4. Groupon UK Head Explains Why Google Is In Acquisition Talks
  5. Groupon Raises $135M, Now Worth $1 Billion On Paper


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