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Google (NASDAQ:GOOG) May Purchase Deals Website Groupon

News is circulating today that Google is on the verge of purchasing daily deals website, Groupon, in a deal believed to be worth IRO $5-$6 Billion.

Rumours abound that Yahoo Inc. had been in the market for the local deals site with a bid of their own worth between $2 billion and $3 billion.

The price Google is to pay is widely being reported as $5.3 billion.

Google shares were down IRO 9 points on yesterday as markets opened this morning, though it is thought this is primarily due to an European Antitrust Investigation.

About Technology Desk

Technology Desk
Editors and staffers from the Technology Desk at The Global Herald.

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One comment

  1. I hope google can do a better job showing the deals than groupon. Maybe something similar to [spam]

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