Groupon Rejects Google’s $6 Billion offer, Hoping to Issue an IPO


[smartads]

According to the Chicago Tribune, quoting two people “with direct knowledge of the situation”, Groupon has reportedly rejected Google’s $6 billion offer for the Chicago-based daily deals start-up, Groupon Inc. and will remain independent.

A source also told the Tribune, “Groupon may still choose to pursue an initial public offering but will not make a decision about going public until 2011″.

Groupon’s run rate for this fiscal year is clocking in at close to $2 billion in revenue, rather than the widely speculated $500 million, according to sources close to the situation.

What’s your opinion on the rejection of the Google offer for Groupon?  Is this a smart or dumb move?

We are following this news closely.

Douglas Idugboe

Douglas Idugboe, Digital and New Media Marketing Strategist. Founder and Chief Editor of Smedio! A Canadian Bestselling Author, Marketing Strategist, Speaker and Trainer, Who help businesses grow their revenue.
About The Author

Douglas Idugboe

Douglas Idugboe, Digital and New Media Marketing Strategist. Founder and Chief Editor of Smedio! A Canadian Bestselling Author, Marketing Strategist, Speaker and Trainer, Who help businesses grow their revenue.

Loading Facebook Comments ...
Loading Disqus Comments ...