rejected big timeIt doesn’t seem like something like this would happen often, but yes, Google has been turned down (according to reports).

As I wrote earlier in the month, there was speculation that the search giant would try to buy the deals site Groupon for billions of dollars. However, it looks like the deal was rejected according to a number of reputable sources:

I’d love to walk away from a $6 billion dollar deal, but in the first report from Seeking Alpha, it appears that Groupon has a current $1 billion revenue stream and it is possibly only getting better.  So, perhaps the management at Groupon are betting like Facebook did in the early stages that they’ll only get bigger.

Leave a Reply

Your email address will not be published. Required fields are marked *


*