GoFuckYourself.com - Adult Webmaster Forum - Groupon Turns Down Google?s $6 Billion Offer

- Fucking Around & Business Discussion (https://gfy.com/forumdisplay.php?f=26)

- - Groupon Turns Down Google?s $6 Billion Offer (https://gfy.com/showthread.php?t=1000462)

Groupon Turns Down Google?s $6 Billion Offer

Now here is a nice story from mashable.com if you`re not a fan of Google`s (near) dominance.

Quote:

Groupon has reportedly rejected Google?s massive $6 billion acquisition offer and intends to stay independent.

The group-buying giant has been the center of the tech world this week after it was reported that Google had offered it $5.3 billion with a $700 million earnout. According to Chicago Breaking Business and Bloomberg, Groupon has decided that it is better off on its own.

To say this news comes as a bit of a shock would be an understatement. Many in the technology world believed that Groupon would accept Google?s offer, making its three co-founders (CEO Andrew Mason, Eric Lefkofsky and Brad Keywell) billionaires. Groupon?s board of directors met on Wednesday to decide the company?s fate.

Still, there may be a reason why Groupon rejected this offer. According to AllThingsD, Groupon generates $2 billion in yearly revenue, not the $500 million figure that has been widely reported.

If this report is true, then Groupon is eyeing greener pastures and bigger numbers. Could Groupon IPO in 2011, or will another company make a play for one of the world?s fastest-growing companies? We?ll be watching to find out.

wtf?? Take the cash and run.

Quote:

Originally Posted by greg80 (Post 17748320)

wtf?? Take the cash and run.

Yep it sounds crazy turning it down however Groupon is set to exceed some $500 million in revenue this year and is quoted as the fastest growing company ever (forbes.com/forbes/2010/0830/entrepreneurs-groupon-facebook-twitter-next-web-phenom.html).

I heard Google bought them for 2.5B.... now this?

considering that facebook (currently working on groupon type project) and google (interested in the concept) can implement these features easily and get hundreds of millions of eyeballs daily and put instant pressure on Groupon,... probably not a good idea to turn down 6 Billion Dollars unless the offer had some bizarre structure that did not make sense for them.

Quote:

Originally Posted by minicivan (Post 17748660)

:thumbsup facebook + google has so much free traffic they will crash groupon in no time...

Quote:

Groupon generates $2 billion in yearly revenue

how the fuck do they do that?

i never even heard of them till this thread

Quote:

Originally Posted by Machete_ (Post 17748990)

how the fuck do they do that?

i never even heard of them till this thread

Same thing I thought when I read it. Insane.

Quote:

Originally Posted by Machete_ (Post 17748990)

how the fuck do they do that?

i never even heard of them till this thread

Quote:

Originally Posted by stocktrader23 (Post 17749006)

Same thing I thought when I read it. Insane.

count me in - i guess i need to check what that is

these people aren't dumb but they are too idealistic. just take the money and fucking relax for the rest of your life but no, they think they are doing something huge and who knows what else. they must enjoy doing this more than just making money. personally i'd take the money, move to a tropical island and just be happy. internet trends never last forever.

Quote:

Originally Posted by MaDalton (Post 17749131)

count me in - i guess i need to check what that is

maybe its a north american thing? i can't go anywhere without seeing their ads all over the place.