Feeds

Groupon shuns Google's $6bn takeover bonanza

What? You want my kids to starve, is that it?

Top 5 reasons to deploy VMware with Tegile

Groupon walked away from acquisition talks with Google late last week, after speculative reports suggested that the world’s largest ad broker was willing to splurge up to $6bn to buy the e-commerce coupon outfit.

According to the Chicago Tribune, which cited sources familiar with the matter, Groupon turned its back on Google choosing instead to stay independent.

It’s understood that Groupon, which expects sales of at least $500m this year, may pursue an initial public offering in early 2011.

Bloomberg reckoned that Groupon's decision to reject Google’s takeover approach also shows that it could be holding out for an even bigger valuation of its website property.

The Chicago-based company failed to agree a $2bn-$3bn takeover deal from Yahoo! when the web portal was sniffing around the site earlier this year.

Facebook famously rejected an offer from Yahoo! in 2006, and the holdout paid off for Mark Zuckerberg’s social network. It remains to be seen if Groupon, which has 35 million users and 3,000 staff worldwide, can push up its valuation by being very picky indeed about the price tag. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
The 'fun-nification' of computer education – good idea?
Compulsory code schools, luvvies love it, but what about Maths and Physics?
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.