Groupon Says NO to Google’s $6 Billion Offer

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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]

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Loren Baker
Loren Baker is the Founder of SEJ, an Advisor at Alpha Brand Media and runs Foundation Digital, a digital marketing strategy & development agency.
Loren Baker
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