Friday, December 03, 2010

Groupon Said to Reject Google's Offer - NYTimes.com

On a related note, also see Groupon Annual Revenues Actually $2 Billion

Updated In an unexpected move, Groupon has walked away from Google’s $6 billion takeover offer, according to a person close to the company, who was not authorized to discuss the matter publicly.

The brush-off, first reported by The Chicago Tribune’s Breaking Business Web site on Friday evening, at least temporarily thwarts Google’s efforts to buy the social buying site, which would have been the search giant’s largest acquisition to date.

Groupon Said to Reject Google's Offer - NYTimes.com

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