E-commerce site Groupon is said to have rejected a USD$6bn buyout offer from Google, who were looking for them to be the latest target of online companies that Google's ever busy acquisitions department are snapping up.The site, which is actually thought to make USD$2bn per year rather than the USD$500m that was previously reported, is believed that they are better off remaining independent with a future IPO being an option on the table.
All the same, the turning down of Google's offer is definitely a surprise.
Update @1717: One Twitter had an amusing take on the rejection of Google's offer:
No comments:
Post a Comment