Report: Groupon Spurns Google's Takeover Attempt

By: The Associated Press
By: The Associated Press

SAN FRANCISCO (AP) -- Published reports are saying that Google's attempt to buy local-coupon site Groupon appears to have failed for now.

Groupon, whose ties to local merchants and some 18 million subscribers in North America made it a company worth potentially $5 billion to $6 billion to Google, has decided to stay independent for now, and may pursue an initial public offering of stock.

That's according to reports in the Chicago Tribune, The Wall Street Journal and The New York Times, which are based on unnamed sources close to the negotiations. Groupon is based in Chicago.

Messages by The Associated Press for Google and Groupon representatives were not immediately returned Saturday.


WILX.com is happy to provide a forum for commenting and discussion. Please respect and abide by the house rules:

Keep it clean, keep it civil, keep it truthful, stay on topic, be responsible, share your knowledge, and please suggest removal of comments that violate these standards.

See full commenting rules...
powered by Disqus
WILX 500 American Road Lansing, MI 48911 517-393-0110
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 111328789 - wilx.com/a?a=111328789
Gray Television, Inc.