Google close to buying Groupon: reports

Nov 30, 2010
Google's European headquarters are pictured in Dublin, Ireland. Internet search giant Google is close to a deal to buy online discount shopping site Groupon for as much as six billion dollars, The New York Times and a leading technology blog have reported.

Internet search giant Google is close to a deal to buy online discount shopping site Groupon for as much as six billion dollars, The New York Times and a leading technology blog reported.

The Times, citing "people with direct knowledge of the matter," said that an agreement could be struck as soon as this week, although it cautioned that the talks could still fall apart.

The Dow Jones-owned blog All Things Digital, citing "sources close to the situation," said has offered 5.3 billion dollars for , in what would be its largest acquisition ever.

Google purchased display advertising company DoubleClick for 3.1 billion dollars in 2007 and mobile advertising network AdMob for 750 million dollars earlier this year.

Google is presently seeking to acquire ITA Software, a flight information software company, for 700 million dollars, but the deal has not yet received the green light from US antitrust authorities.

A Google purchase of Groupon would also likely come in for scrutiny.

European Union competition watchdogs on Tuesday formally opened an antitrust probe into Google after rivals accused the giant of rigging the online .

The Chicago-based Groupon, founded in 2008, offers discounts to its more than 12 million members on retail goods and services, offering one localized deal a day.

All Things Digital said a Google acquisition of Groupon would "move the search giant instantly to the top spot in local commerce online and give it huge troves of data about consumer buying habits and merchant information across the globe."

The Times said Internet portal Yahoo! was also interested in purchasing Groupon but its offer of two billion dollars was rejected as too low.

Explore further: Why the Sony hack isn't big news in Japan

add to favorites email to friend print save as pdf

Related Stories

FTC looking into Google's AdMob acquisition

Dec 23, 2009

Web search and advertising giant Google said Wednesday that the US Federal Trade Commission (FTC) is seeking more information about its proposed purchase of mobile advertising company AdMob.

Google seeking Miramax films for YouTube

Nov 23, 2010

Google has been gradually adding professional content to YouTube in a bid to attract advertisers and turn a profit with the site it bought for 1.65 billion dollars four years ago.

Microsoft, Yahoo! in search, ad talks

Apr 10, 2009

Microsoft and Yahoo! have held "early discussions" about possible Internet search and advertising partnerships, a leading Silicon Valley technology website reported on Friday.

Recommended for you

Why the Sony hack isn't big news in Japan

8 hours ago

Japan's biggest newspaper, Yomiuri Shimbun, featured a story about Sony Corp. on its website Friday. It wasn't about hacking. It was about the company's struggling tablet business.

Sony faces 4th ex-employee lawsuit over hack

13 hours ago

A former director of technology for Sony Pictures Entertainment has sued the company over the data breach that resulted in the online posting of his private financial and personal information.

Sony tells AFP it still plans movie release

14 hours ago

Sony Pictures boss Michael Lynton denied Friday the Hollywood studio has "caved" by canceling the release of "The Interview," and said it still hoped to release the controversial film.

2012 movie massacre hung over 'Interview' decision

Dec 19, 2014

When a group claiming credit for the hacking of Sony Pictures Entertainment threated violence against theaters showing "The Interview" earlier this week, the fate of the movie's big-screen life was all but ...

Clooney slams skittish Hollywood after Sony hack

Dec 19, 2014

Film star George Clooney slammed the Hollywood movie industry for failing to stand up against the cyber threats that prompted Sony Pictures to cancel release of the movie "The Interview."

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.