Chicago – Following several days of rumors, at least one
online source reported on Monday that Google (NASD: GOOG) has acquired Chicago-based online
deals service Groupon for $2.5 billion. The source, VatorNews, cited what it
called a reliable "unnamed insider," though neither company has
confirmed the news.
Reports initially surfaced last week about discussions
between the two companies.
Groupon — which is a top rival of LivingSocial —
reportedly is generating nearly $50 million a month in revenue, and recently
was rumored to be raising funding based on a $3 billion valuation.
Related Links:
http://vator.tv/news/2010-11-28-google-buys-groupon-for-25-billion
