The acquisition - which is unconfirmed at this point - follows the rumors about Google being in talks to buy the risingly popular local deals site, after Yahoo had failed to negotiate an acquisition for a $2-3 billion earlier this year.
Groupon is one of the biggest Internet success stories as of late, with a $1 billion dollar valuation, reported revenues of over $50 million per month (the site is relatively new, having been launched in November 2008) and copycats, trying to emulate its success, sprouting nearly every day.
The acquisition, if true, makes a lot of sense for Google, giving it a wonderful opportunity to fuse Groupon deals with its local business directory, Google Places. On the other hand, for Groupon it'll be much easier to fend off all those similar services under Google's wing.
We've reached out to both Groupon and Google for comment on the deal, but haven't yet received word from them.
[via Vatornews]
More About: acquisition, Google, groupon
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