Groupon rejects Google's $6 billion bid
 

The Chicago Tribune is reporting that Groupon has rejected Google's offer to buy the local-advertising company for reportedly up to $6 billion. A series of anonymously sourced stories about the purported deal held the attention of the tech press over the past week, but neither company ever publicly confirmed anything.

Citing "two sources with direct knowledge of the situation," the Tribune is reporting that Groupon turned down the offers and will decide in 2011 whether to go public.

http://seattletimes.nwsource.com/htm...s_googles.html

jesus, sell sell sell!

wtf????????

omggggggggggg are you shitting me a 2 year old site turned down 6 billion dollars

what

the

fuck

suckers...

can't believe this shit...

what the fuck is groupon??

is that the site that is all over the ADSENSE clicks??? 6 billions WTF?

we are definitely doing something VERY wrong...

.

They are EVERYWHERE. They sure must have an insane advertisement budget! I would sell too :-) 6 billion isn't chump change :-)

they are stupid...

google will launch a competitor and blow them out of the water...

this is what would have happened if admob didn't sell to goog...





.

I read about it on Mashable. I would've take the $$

ARE YOU FUCKING JOKING?
They did not take it?
:eyecrazy

Mark Zuckerberg is sleeping with the owner. I heard...onnn...aaa...wikileaks

If they rejected a 6 bill offer that offer probably didnt exist.

I read this a few hours ago and realized that the groupon board is stocked with incompetent retards.

A lot of the board is made up of investors. This was probably an ego decision by the board. Who the fuck turns down an offer for 4x valuation?

That or Facebook will. Facebook would pwn that space if they did something like that.

It would be a better fit for Facebook. It makes too much sense.

Why are people ITT acting as if they knew what G was going to do with the site?

Google would have been fucking stupid if they did ANYTHING with the site. It's only the fastest growing company ever. Not past 10 years, not past 100 years, ever. Kind of a big deal. I don't fucking get it but they're doing stuff right and it'd be stupid to screw with it.

They would've changed it, imo.

I'd guess they'd implement it into Google Places to replace the coupons they currently use.

i would have taken it and ran

x2.

I'm curious to see the board and the % splits between them.

they are probably just holding out a little bit to see if they can get a better deal, "going public" is most likely something just to say to make the company sounds better to google, who knows they might thorw in another billion lol

im sure the current offer will stand for a while, when your selling your car do you always take the first offer? i know its a lot of money and they should have ran with it but whats wrong with trying to get a few extra bucks :)

I would have taken that money and ran :2 cents:

I downloaded the Groupon app because my brother told me about it. I was not impressed as they did not even have an area anywhere close to mine. Is it just a bunch of local biz selling specials or am I missing something?

groupon a group buying deal site

Do u know why they turned down

As they are making loads every year from their website

No matter how big the egos are at groupon I do not think they are too big to say $6 billion is not enough just because of their egos.

Facebook already has "Deals". The speculation was that Googlr wanted to purchase Groupon in order to place themselves in direct competition with Facebook and their Deals setup.

6 billion and they didn't take it? They should change their name to stupon

I guess Groupon thinks they can expand on the current revenue of $500 million a year.

They are doing an annual run-rate of close to $2 Billion, more or less grossing as much as Facebook. And GroupOn (Unlike many other similar sites) take 50% of the cost of each coupon instead of "just" 30% that the others tend to take.

Meaning, they will without a doubt do over $1 Billion in profit next year, even if they put up a lot of $ on expansion.

Even so, in the current market not many offers going out in 5 time multiples anymore. No company's future is certain, if the offer was serious that is alot to walk away from.

The rumours of Groupon making $50MM/month are supposedly way too low. Speculation is that number is closer to $180MM/month which puts a 6 Billion valuation at 3 years of income. I know they're only 2 years old but if those sales figures are true, they can probably get quite a bit higher. Especially now that they're launching a platform for anyone to put discount offers on there. They definitely are gonna clean up if they do sell!
WG

no shit, I'd fucking sell :thumbsup

Wouldn't surprise me, the amount of _DATA_ those guys have is unrealistic. To the _right_ buyer its worth way more than 6bil.

That's just ridiculous.

Another one i dint see coming.

i Guess i'm getting old!