NYT: Google Is Negotiating To Buy Groupon For $5-$6 Billion
Earlier I wrote about how Vator.tv reported Google had already acquired Groupon for $2.5 billion. It turns out that negotiations are still happening and the price may actually be much higher. If Groupon accepts the acquisition terms, it could be announced as early as this week. But there is still a chance that nothing comes out of the talks. If Groupon does get acquired at this price, this would be Google’s most expensive acquisition to date. Groupon was founded in 2008 and it is the fastest growing Internet company ever.
It was rumored that Yahoo! offered Groupon $2 billion, but the company refused for a couple of reasons. The first reason was that the offer price was too low. And the second reason is that Google is a stronger tech company and keep Groupon competitive against Facebook.
[NY Times]This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry