November 21, 2010
Rumor: Groupon And Google Talk Possible Sale
Online coupon company Groupon is considering selling out to Google Inc., according to media reports on Friday.
The two Internet businesses are in talks about a possible sale worth more than $3 billion, said technology blog AllThingsD, citing anonymous sources.Groupon, a Chicago-based privately held firm that launched two years ago, is present in 250 markets in North America. The company sends its members daily deals through email. However, the deals only become activated when a minimum number of people agree to make a purchase, giving Groupon the power to negotiate steep group discounts.
Groupon spokeswoman Julie Mossler said: "There is nothing for us to comment on. These are just rumors," and a spokesman for Google said the company does not comment on rumors and speculations.
A separate report by news and data firm Bloomberg, said Groupon is weighing whether to sell to Google or to proceed with fundraising.
Groupon told Reuters in August it had gained interest from bigger tech companies. "We have no plans at all right now to sell, or an IPO, the only plans are to grow," said Groupon president Rob Solomon at that time.
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