Unconfirmed reports hinted that Google buys Groupon for a reported $2.5 billion dollars. The blogosphere has been filled with rumors regarding a possible acquisition. The news breaks shortly after Google invested an undisclosed sum in Signpost another local aggregator site for 4 major cities.
The local deal aggregation space for startups has been on fire over the past 12 months with a slew of startups and Venture Capital procuring business models in the vertical. Groupon has been the clear leader with ample funding and a fury of acquisitions this year.