Friday, March 18, 2011

Is it a Tech Bubble Now? Groupon Talks $25 Billion Valuation - Deal Journal - WSJ

Strange days indeed

We got two more data points today. First, as Deal Journal colleagues Amir Efrati and Pui-Wing Tam reported, recent discussions with potential institutional investors have valued Facebook at around $75 billion — or $60 billion by another person’s reckoning. Cast your memory back to two months ago, when people were screaming “Bubble!” at a $50 billion value for Facebook.

Then, Bloomberg News this morning said Groupon has held talks with investment banks about an IPO that would value the daily discount company at $25 billion. Pause. Gasp. Again, just months ago Groupon spurned a takeover offer from Google for as much as $6 billion.

Is it a Tech Bubble Now? Groupon Talks $25 Billion Valuation - Deal Journal - WSJ

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