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Google may buy Groupon for $5.3 bln dollars (Poll)

submitted on December 1, 2010 by YanBz in "Member's Lounge"
The news is all over net and you probably heard it. Google made a rumored $5.3 bln offer and Groupon's board meets tomorrow to decide on it.

Now, the story is that Groupon has forged a lot of connections with local businesses over the past year and those connections is what Google is after. You might remember that Google tried to buy Yelp earlier this year. I personally think Yelp is a much better fit than Groupon to the overall Google business model. They already nicely integrate into Google search results. Groupon on the other hand doesn't have any data that Google could leverage with its search.

I also think Groupon's business model is not very solid. I read that businesses are not happy with the crowds of bargain hunters the site sends to them. They just don't convert into regulars (what these companies hope for when suggesting these cut-throat discounts). Also, there is plenty of competition that chips away the market share...

This Poll is Closed

1. Will Groupon board give Google purchase a 'go ahead' tomorrow?
  • Yes - they will cash out
  • 73%
  • No - they will wait for a better offer
  • 27%
    2. Do you think Google is wasting the (rumored) $5.3 bln on Groupon?
  • Yes - the company is not worth it
  • 64%
  • No - the investment will repay itself
  • 36%
    Total: 11 votes


    • 90014
      2 4 6
      10 8 2
      Posted by pablos17 on December 1, 2010
      [reply] 3 0
      That's quite the offer! Eeek Google is buying up everywhere here lately. Seems as if they are becoming the new AT&T.
    • 90023
      3 1
      Posted by vectra5 on December 1, 2010
      [reply] 3 0
      That's a crazy amount...
    • 90160
      3 9
      10 9 2
      Posted by anand on December 1, 2010
      [reply] 1 0
      So far i never tried Groupon. This is such great concept and i look forward to seeing what the daily deal is everyday
    • 90515
      Posted by YanBz on December 4, 2010 [reply] 0 0
      It seems Groupon turned down the offer, and 73% of you were wrong with your prediction Smile

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