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Monday, November 29, 2010
Rumor: Google buying deals service Groupon for $2.5 billion
It’s still unconfirmed at this point, but tech news site vatornews.com is reporting that Google has spent $2.5 billion to acquire Groupon.
Rumors about the buyout have been flying around for days now, since before the Thanksgiving holiday, with the price hovering somewhere between $2 and $3 billion for Google. Before that, Groupon was reportedly fielding offers from Yahoo! as well, which were supposedly as high as nearly $4 billion. That followed reports from All Things D from earlier this year that said Groupon turned down a $1.7 billion offer from Yahoo!
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