Groupon rejects USD 6 bln takeover from Google - report

News Broadband Global 5 DEC 2010
Groupon rejects USD 6 bln takeover from Google - report
US-based internet coupon service Groupon is understood to have rejected an around USD 6 billion takeover offer from Google, reports Bloomberg citing a 'person with knowledge of the matter'. The source said that the proposed takeover collapsed due to hesitation by Groupon's founders, adding that Groupon would decide in 2011 whether to sell shares via an IPO instead. The web coupon service has over 35 million users.

Categories:

Internet

Companies:

Google,  Groupon

Regions:

Global

Tags:

Company, Services, Corporate, Internet Access, Consumer, Client, Advertising services, M&A buyouts & divestments

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