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: Alibaba surges in Wall Street debut (Update)

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

Alibaba makes Wall Street debut

Sep 19, 2014

Alibaba made its long-awaited Wall Street debut Friday on the heels of a record stock offering that opens the door to global expansion for the Chinese online retail giant.

Alibaba IPO to boost employee fortunes to $8 bn

Sep 19, 2014

Employees of Chinese e-commerce giant Alibaba will see their fortunes swell to nearly $8 billion as the company prepares a massive US stock offering that could be valued at $25 billion.

Alibaba mega IPO caps founder Jack Ma success tale

Sep 19, 2014

When Jack Ma founded Alibaba 15 years ago he insisted the e-commerce venture should see itself as competing against Silicon Valley, not other Chinese companies. That bold ambition from a time when China was ...

User comments : 0