Google and Groupon Talking About $6 Billion Deal?

It would be the largest Internet deal ever

By Ally Clark
|  Wednesday, Dec 1, 2010  |  Updated 11:31 PM CDT
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Still no word from Google and Groupon about their rumored $6 billion deal, but the silence is deafening.

Days after Google declined to comment on speculation over a possible deal to purchase Groupon, that speculation continues to grow and so does the price tag.

According to All Things Digital and the New York Times, Google is offering pay $6 Billion for Groupon. That's significantly more then the initially spectulated price reported by Vator News.

Crain's Chicago Business reports that the Groupon Board is meeting Wednesday to discuss the deal.

If Groupon does decide to accept the deal from Google -- if there is one -- it will be the largest internet deal to date. Put into perspective it is just under 2 times more than Google paid for DoubleClick display ads in 2007 at a reported $3.1 billion and it's over 3 times the amount they paid for YouTube in 2006 at a reported 1.76 billion, according to the Wall Street Journal.

The Financial Times reports that the purchase could provide Google the edge it has been looking for in its rivalry with Facebook.

Seeing as Groupon requires a certain number of people to opt in for everyone to get the deal it promotes sharing through social media, and mainly Facebook. Possibly making it well worth high price for the Internet search engine.

Groupon is based in Chicago and employs over 3,000 people across the U.S. There has been no word or rumors about whether this would change should Groupon opt into Google's deal.
 

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