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Google buys Groupon $2.5B

November 29, 2010 By 1 Comment



google buys groupon

google buys groupon

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.

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Groupon
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An obsessed serial entrepreneur. Founder of Startup Addict. Commercial Real Estate Expert. Technology Ninja. Lover of all things Business. Former movie & television producer. I have a Black Belt in "Keep'in it Real". Fuel your passion it will be 1% work 99% fun. You can connect with me on LinkedIn or follow me at @todwhipple or this blog @startupaddict.

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  1. 2010 Roundup & 2011 Predictions. | Startup Addict Musings says:
    January 2, 2011 at 9:38 pm

    [...] in the “location check-in” and “local deals” space (Foursquare & Groupon respectively). Groupon had rumors swirling of a $2.5 billion acquisition that lead to a $6 Billion [...]

    Reply

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