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Mergers and Acquisitions

Google in Talks to Buy Groupon: Report

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Published: Friday, 19 Nov 2010 | 9:25 AM ET
By: CNBC.com
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A sign is displayed outside of the Google headquarters in Mountain View, California.

Google is in talks acquire popular retail deal site Groupon, according to a report from the Wall Street Journal Friday.

Groupon, which was launched in November 2008 and is reportedly raking in nearly $50 million a month in revenue, was one of the first sites to offer online consumers the option to rally together to purchase products and other services at fire-sale rates.

This isn't the first time Groupon has been courted—talks for a purchase by Yahoo ended earlier this year with no deal. However, sources told the Journal that Google may be interested in paying well above the $2 billion to $3 billion reportedly offered by Yahoo.

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Google is in talks acquire popular retail deal site Groupon, according to a report from the Wall Street Journal Friday.
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