Google Buys The World'S First Group Buying Network Groupon For $6 Billion
This time, Google He also turned his eyes to the field of group buying.
The New York Times quoted people familiar with the matter in November 30th as saying that Google is currently in progress. Purchase the world's first group buying website Groupon The offer is in the range of 5 billion to 6 billion dollars. The two sides may reach agreement as early as this week, but negotiations may be fruitless.
Group buying network Groupon has been established for only two years, but its market valuation has reached US $1 billion 300 million, and it has set off a global trend of group buying.
The website is listed by time magazine in the list of the best 50 websites in the world in 2010.
New York Times said that in the past few weeks, YAHOO and Google had expressed their intention to acquire Groupon.
But YAHOO's $2 billion bid was rejected by the founder of Groupon.
If the deal is concluded, it will create Google's most expensive acquisition in history.
The global search engine giant will lead the online group buying market in the US.
In recent years, Google has acquired a large number of Silicon Valley start-ups, including DoubleClick and video sharing website YouTube, and has expanded its business scope.
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