Google Exploring Groupon Buyout
Google is in negotiations with group shopping startup Groupon over a possible buyout, according to a report Friday.
The asking price is well above the $2-3 billion rumored to have been offered by Yahoo earlier this year, according to sources cited by Kara Swisher, co-editor of Wall Street Journal-owned AllThingsD.com. Negotiations are apparently in the early stages, and both Google and Groupon refused to comment on what Google’s spokesperson called “rumor” and “speculation.”
The Chicago-based Groupon serves up steep daily discounts from local businesses that can only be redeemed if a certain number of users opt in to them.
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