VatorNews: Source Claims Google Bought Groupon For $2.5 Billion
This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry
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.