Groupon Walks Away From Google’s $5B Offer

Chicago-based Groupon Inc. has turned down an acquisition offer from Google Inc. (GOOG) and is staying independent, two sources with direct knowledge of the situation said Friday. Google reportedly had offered between $5 – $6B for the daily deal startup. Groupon still may choose to pursue an IPO but will not make a decision about going public until 2011, a source said. – Chicago Tribune

Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!

Be the first to comment

Leave a Reply

Your email address will not be published.


*

This site uses Akismet to reduce spam. Learn how your comment data is processed.