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Groupon Turns Down $6 Billion Google Offer

(December 14, 2010) WHOA Nellie! Talk about an OFFER! Wow!

According to TechCrunch, Groupon just recently turned down a $6 billion (yes, BILLION ! ) acquisition offer from Google. Apparently, Groupon - the 2-year-old local deals company - was doing a lot more in revenue than was previously estimated. A lot more...as in they are tracking $2 billion for 2010!

This type of movement is just plain good for the economy. The fact that a 2-year-old company could have the moxy to turn down a $6 billion offer shows that we have a LOT to look forward to in 2011!

- OpenRec blogspot

Read more from TechCrunch

Permalink  . - .  Todays Bugler  . - .  Email this article  . - .  Readership Feedback


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