![]() TheĬompany is unlikely to offer more than that, according to one of the people with knowledge of the situation. But in the face of Groupon’s resistance, Google raised its offer to $5 billion to $6 billion. Groupon’s management was also concerned that Yahoo’s business prospects might ultimately hurt the company, and that a stronger buyer like Google would give it a competitive edge against potential rivalsĪs Yahoo’s approach sputtered, Google made an initial bid of $3 billion to $4 billion, these people said. But Groupon’s founders rejected that offer as too low. Both Google and Yahoo were among the interested parties, according to the people briefed on the matter, with Yahoo prepared to pay about Over recent weeks, Groupon has been the subject of scores of takeover rumors. Groupon’s success has helped turn the company into a cash-generating machine, signing up more than 12 million registered users and reaping more than $350 million in estimated annual revenue. On the day of the Gap promotion, Groupon sold 440,000 units and generated $11 million in revenue. It has grown beyond local merchants to encompass retailers like Gap, which offered a ![]() The average Groupon deal offers 50 to 90 percent off retail goods and services, from restaurant certificates to skydiving lessons. Subscribers receive notifications of one deal a day, tailored to their location and profile. The company, whose name is a combination of “group” and “coupon,” specializes in providing customers Mason, Groupon has been growing at a breakneck pace. Andrew Mason, Groupon’s chief executive, declined an earlier interview request, adding that he would talk “only if you want to talk about my other passion, ![]() A representative for Google declined to comment.
0 Comments
Leave a Reply. |