Tuesday, November 30, 2010

Is Google Buying Groupon for $6 Billion?


Rumors are swirling that Google is reportedly buying Groupon for $6 billion. If this report is true, the 2 year old deal-of-the-day company will grow by more than $625 million per month and over $20.7 million dollars per day. This expensive price tag would be Google's biggest purchase to date. Google would be able to capitalize on Groupon's biggest advantage- gain relationships with local businesses and restaurants in hundreds of areas. Sounds like strategic planning at it's best. Groupon is expected to exceed $500 million in revenue just this year. So the question remains, is Groupon worth it? Mashable believes it'd be worth every penny.

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