SEO

Groupon Says NO to Google’s $6 Billion Offer

Big news this morning after a big week of Google Cloud Dev, Real Estate & Chrome OS news. Groupon, the group buying and crowdsourced discount service, has reportedly turned down a Google acquisition offer valued at $6 Billion ($5.3 billion w/ $700 million earnout). Groupon, which is said to bring in annual revenues of $2 billion, must have some big things planned after turning down the $6 billion – or did they just use the Google offer to set the grounds for future valuation?

With $2 billion annual coming in, and expected GROWTH, the possibilities could include an IPO, expansion and spin offs, or maybe a future MUCH LARGER acquisition by Google, Microsoft or possibly even Facebook.

[via Ben Parr]

Screen Shot 2014 04 15 at 7.21.12 AM Groupon Says NO to Googles $6 Billion Offer
Loren Baker is the Founder of SEJ, an Advisor at Alpha Brand Media and runs Foundation Digital, a digital marketing strategy & development agency.
Screen Shot 2014 04 15 at 7.21.12 AM Groupon Says NO to Googles $6 Billion Offer

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6 thoughts on “Groupon Says NO to Google’s $6 Billion Offer

  1. Hmm… im just guessing unless they sell it to Facebook or Bing quickly they might find their competitors build their own platform as has happened in the past. It’s a crazy amount of money to turn down….

    1. I couldn’t agree with you anymore David! I think that’s already happening now! Look at site(s) like LivingSocial. Not to mention; I had posted the other day on Twitter about similar site(s) like Groupon; after being turn down for their affiliate offer. Then two weeks ago good friend of mine ask me to promote to my subscribers a site called Cinnabid that just launch this month. They better make something happen fast, but then again they generate over 50 mil a month from what I read.

  2. Sounds like Groupon has something cooking in the OVEN….! But, the more I think about it….the more I think they are just setting the Stage 4 bigger offers.

  3. I agree! Sounds like they have some big plans! I’m sure they’re only growing…maybe they have a personal deal with Google owning the majority of the Internet, basically (kidding, of course).

  4. I agree! Sounds like they have some big plans! I’m sure they’re only growing…maybe they have a personal deal with Google owning the majority of the Internet, basically (kidding, of course).

  5. I know of a direct sales powerhouse that is on the verge of commissioning a groupons business model. I think it will spread virally at a faster pace.