Google to Acquire Groupon?

Published by: Dave Simmons on 19th Nov 2010 | View all blogs by Dave Simmons
groupon logo.jpg
Google to Acquire Groupon?

Internet search giant Google is reportedly in discussions to acquire the local coupon website Groupon, after Yahoo launched a failed attempt to pick up the business earlier this year with a bid of between $2 billion and $3 billion.

Sources cautioned, however, that talks are still ongoing and could very easily end the same way that Yahoo's attempt to acquire Groupon did.  Officials at the Mountain View, California-based search engine have declined to comment on the situation, and Groupon officials have been similarly tight-lipped about the negotiations.

Still, insiders say that Groupon has its bankers Allen & Co. actively seeking buyers for the company, even though its investors have expressed a desire to remain independent.  What's not known at this time is whether there are other suitors for Groupon, whose monthly revenues are more than $50 million in the huge local retail market.

Insiders say that other than Google, only three companies would probably be able to afford the hefty price tag associated with Groupon: Microsoft, Amazon, and eBay.  All three, like Google, have more than enough cash reserves to pony up for the impressive start-up in the lucrative local commerce market.  Groupon currently dominates the arena despite a number of clone companies launching competitive businesses.

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