Groupon Rejects Google's Offer

Kara Reeder
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What Google's Buying

Highlights on a handful of Google's 2010 acquisitions

Google and Groupon have ended talks over Google's multi-billion dollar bid to buy the local deals site, reports The Wall Street Journal.

 

Last week, Google put up a $5.3 billion bid for Groupon, with some calling it a "killer move," while others called it "absurd." Groupon's board was equally divided over the prospect.

 

The Journal claims that Groupon will remain independent and possibly pursue an IPO in the future.

 


However, this does not put an end to Google's options for picking up a social buying site. As The New York Times notes, Google can easily go after one of Groupon's larger competitors, such as LivingSocial, BuyWithMe or Tippr.



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