Google bids $ 6 billion for Groupon

Google bids $ 6 billion for Groupon

Posted on December 1st, 2010 by admin

Google has made a bid for Groupon, an online coupon provider, for $ 6 billion!

Started by Andrew Mason, the company has assumed revenues of $ 500 million today.

At $ 6 billion, that equates to $ 8,220,000 for every day it has been in existence since November 2008!  Not a bad return for selling discount coupons!

See the full story at the “New York Times” -

http://dealbook.nytimes.com/2010/11/30/googles-gambit-for-groupon-raises-concerns/?partner=rss&emc=rss