Feeds

Groupon shuns Google's $6bn takeover bonanza

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

Beginner's guide to SSL certificates

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. ®

Beginner's guide to SSL certificates

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
In the next four weeks, 100 people will decide the future of the web
While America tucks into Thanksgiving turkey, the world will be taking over the net
Microsoft EU warns: If you have ties to the US, Feds can get your data
European corps can't afford to get complacent while American Big Biz battles Uncle Sam
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
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.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
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.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.