Monday, December 06, 2010

Groupon Prankster Mason Not Joking in Google Rebuff, Weighs IPO - BusinessWeek

Check the link below for more on Groupon’s likely next steps

Mason, Groupon's chief executive officer, fretted that the sale would sap employee morale and alienate business clients, said two people with knowledge of the matter. The people asked not to be identified because the talks, which spanned Chicago and the San Francisco Bay area and involved Google CEO Eric Schmidt, were private.

Independence gives Mason, 30, more time to keep building one of the world's fastest-growing companies, which topped $500 million in annual sales more quickly than Web pioneers including Google and Amazon.com Inc. did. Yet Groupon, whose strategy has spawned dozens of copycats, also is left without the financial backing and global distribution it would have gotten from ownership by the world's largest Web-search provider.

Groupon Prankster Mason Not Joking in Google Rebuff, Weighs IPO - BusinessWeek

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