Google close to acquiring Groupon for around $6 billion

Parallels Desktop 6 for Mac “Google is near a deal to acquire Groupon, the pioneering online discounter, for as much as $6 billion, people with direct knowledge of the matter told DealBook on Monday,” Evelyn M. Rusli and Claire Cain Miller report for The New York Times’s DealBook.

“A deal, in the $5 billion to $6 billion range, could be struck as soon as this week, these people said, cautioning that the talks could still fall apart,” Rusli and Miller report. “At that price, Groupon — known for its daily discounts — would be one of Google’s largest acquisitions, dwarfing its $3.1 billion purchase of DoubleClick, the display advertising giant, in 2007.”

Rusli and Miller report, “Google is one of the few buyers in the technology market that can afford a price that high. According to the company’s third-quarter report, as of Sept. 30, Google had $33.4 billion in cash or cash equivalents on hand.”

Read more in the full article here.

21 Comments

  1. Ok, I found out what Groupon is. $6 BILLION seems high for a web system that offers local coupons if enough the group wanting them meets or exceeds the expected signup for the coupon. Hasn’t this idea been around long before the Internet? Can’t anyone do this for less than $6 BILLION?

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