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Yahoo instead will partner with the popular digital coupon site instead of purchasing it, and save a few billion dollars in the process, Reuters reports.
Yahoo made the announcement Tuesday that Groupon will lead a list of local deals it will offer for bargain hunters by the company failed to explain exactly how the partnership would work.
The thought is Yahoo would offer coupons to local businesses specially targetted for Yahoo customers based on the information they give to Yahoo.
Some analysts are speculating that the deal could open the door for Yahoo to expand its mobile efforts.