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Saturday, November 27, 2010

Google to Buy Groupon for $2.5 Billion?

Groupon appears to be in negotiations to sell itself to Google according to a report in the New York Post. The price is said to be $2.5 billion.

Google isn't new to the neighborhood space. Google has a a handful of homegrown and purchased location-aware products around Google Places.

The social coupon site Groupon would help in Google's attempt to become more social by providing a gateway to bringing Groupon's huge userbase into Google's location-aware services. It would also be a platform on which Google could sell its new local geo-targeted local ads against.

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