TweakTown
Tech content trusted by users in North America and around the world
5,913 Reviews & Articles | 38,088 News Posts

Google reportedly buying Groupon for $2.5 Billion

Google buying out another major piece to add to their kingdom

| Software News | Posted: Nov 30, 2010 6:42 am

Reports are starting to surface that Google has purchased Groupon, a popular local deals site, for around $2.5 billion. The purchase has not been made official by either party yet, but Vatornews has received the info from a "reliable source."

 

TweakTown image news/1/7/17791_001.jpg

 

Should this deal be legit, it was be quite an addition to Google's small business directory and programs like Google Places. This would also give Groupon the inside track against all of the copycat sites that have been popping up due to the success of their site, which has reported revenues of $50 million per month.

 

NEWS SOURCE
Mashable.com

Related Tags

Further Reading: Read and find more Software news at our Software news index page.

Do you get our news RSS feed? Get It!

Post a Comment about this news

Latest Tech News Posts

View More News Posts

TweakTown Web Poll

Question: Facebook's acquisition of Oculus VR will...

Improve Oculus Rift Development

Hamper Oculus Rift Development

Completely destroy Oculus Rift Development

Let's wait and see, I'm not sure

or View the Results

View More Polls

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases