Did Google Just Buy Groupon for $2.5 Billion?

Emerging tech site VatorNews has an unconfirmed report this morning that the search giant bought deal-of-the-day site Groupon for $2.5 billion. Neither Groupon nor Google have commented on the report at the time of this writing.

Groupon has been quite the hot topic these days. Earlier this month, Groupon was rumored to be considering raising funds that would value the company at $3 billion. That rumor was followed by reports that Yahoo was looking to woo Groupon for as much as $4 billion -- the second reported attempt by Yahoo to buy the social shopping company. Earlier this year, All Things D reported that Yahoo and Groupon were in discussions about a possible acquisition for $1.7 billion, but Groupon ultimately rebuffed the low-balled offer and backed out of the deal.

Founded in 2008, Groupon's revenues are said to be upward of $50 million a month, and an enormous round of fundraising in April raised Groupon's valuation to $1 billion. With 20 million subscribers and footholds in 29 countries across Europe, North America, Latin America, and Asia, Groupon has inspired hundreds of clones, some of which have, in recent months, begun outpacing Groupon (think LivingSocial). 

Read the full story at VatorNews.

Presented by

Nicholas Jackson is a former associate editor at The Atlantic.

The Best 71-Second Animation You'll Watch Today

A rock monster tries to save a village from destruction.

Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register.

blog comments powered by Disqus

Video

The Best 71-Second Animation You'll Watch Today

A rock monster tries to save a village from destruction.

Video

The Case for Napping at Work

Most Americans don't get enough sleep. More and more employers are trying to help address that.

Video

A Four-Dimensional Tour of Boston

In this groundbreaking video, time moves at multiple speeds within a single frame.

Video

Who Made Pop Music So Repetitive? You Did.

If pop music is too homogenous, that's because listeners want it that way.

Video

Stunning GoPro Footage of a Wildfire

In the field with America’s elite Native American firefighting crew

More in Technology

Just In