Rumor: Google Buys Groupon Deal In $2.5 Billion Deal
Over the past week, there has been many rumors that Google would be making a buy-out offer to Groupon, the popular local deals site. Those rumors have heated up this morning, with Vator.tv reporting the deal has closed, with Google buying Groupon for $2.5 billion.
Google or Groupon has yet to confirm the deal but these rumors seem to be pretty legit. TechCrunch documented tweets between Andrew Mason, CEO and founder of Groupon and Google’s M&A lead Neeraj Arora in September possibly talking about deals between the two companies.
VatorNews said their insider details come from an unnamed source and they have said Google and Groupon will not confirm the deal, yet.
Once we get confirmation, we will make sure to update this post.
For more details, see Techmeme.
Postscript: Google has told us “we don’t comment on rumor or speculation.”
Postscript 2: See Google To Buy Groupon This Week In $5 to $6 Billion Deal?