Yahoo Offers $4 Billion Daily Deal to Groupon: Report

Rumor has it that Yahoo made an informal offer to buy Groupon

By Ally Clark
|  Wednesday, Nov 10, 2010  |  Updated 10:20 AM CDT
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Behold your new obsession: Groupon has arrived in Hartford. (Oh, and then there's this cat...)

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Groupon, the Chicago-based group buying company, could possibly be in sales talks with Yahoo for a deal worth up to $4 billion.

Since its launch in 2008, Groupon has been helping businesses all over the Windy City by offering significant discounts for a variety of businesses, from restaurants to salons to delivery services to cultural events.

According to a report from Business Insider, Yahoo has made an informal offer to Groupon executives and backers to purchase the company for as much as $3 billion to $4billion.

It could be a valuable asset for Yahoo. Two years after launching, Groupon has branches in 230 markets around the world, it's no wonder Forbes dubbed Groupon "The Fastest Growing Company Ever."

Yahoo's reported offer signals a bold new strategy for the company that has been looking to shake things up since new CEO Carol Bartz took over.

(In case you're wondering, today's Chicago Groupon is $30 for $60 at Riva Crabhouse.)

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