November 29, 2010

Latest Technology news on my world: Google buys Groupon.


The biggest purchase by Google on Groupon for $2.5 billion, according to an bearding cabal who batten with VatorNews. Neither Google nor Groupon could be accomplished for animadversion to affirm the report, but Vator’s antecedent is reliable and the address avalanche in band with the contempo cord of Groupon accretion rumors.
Google buys Groupon

Talk about a accessible accretion by Google has been bubbles aback November 19, if rumors aboriginal emerged that Google had fabricated an action of some $2 billion to $3 billion. The rumors were aboriginal appear by Kara Swisher of All Things D, who claimed that Google and Groupon were already in acquisitions discussions.
Groupon has been absolutely the hot affair these days. Earlier this month, Groupon was accounted to be because adopting funds that would amount the aggregation at $3 billion. That rumor was followed by letters that Yahoo was searching to woo Groupon for as abundant as $4 billion—the additional appear attack by Yahoo to buy the amusing arcade company. Earlier this year, All Things D appear that Yahoo and Groupon were in discussions about a accessible accretion for $1.7 billion, but Groupon ultimately rebuffed the low-balled action and backed out of the deal.
Groupon and Google

Founded in 2008, Groupon’s revenues are said to be advancement of $50 actor a month, and an astronomic annular of fundraising in April aloft Groupon’s appraisal to $1 billion. With 20 actor subscribers and footholds in 29 countries beyond Europe, North America, Latin America, and Asia, Groupon has aggressive hundreds of clones, some of which have, in contempo months, amorphous outpacing Groupon (think LivingSocial). Despite the dozens of rumors about acquisitions by Google, Yahoo, and eBay, Groupon has maintained that it wishes to break independent.
While abounding were anticipating a buyout by eBay, abounding were afraid when, in October, Groupon partnered with eBay to accompany bounded deals to eBay shoppers, application geo-targeting to acquisition offers for the user’s specific geographic location. Users who are associates of the eBay Bucks Rewards Program who acquirement a Groupon accord through eBay can acquire 5% aback in eBay Bucks.

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