In addition, according reports emanating from Silicon Valley, most notably from BoomTown’s Kara Swisher, that the annual revenue run rate for Groupon is US$2 billion. However, it has emerged in recent hours that talks have collapsed and that Groupon is big enough to go it alone. The company is approaching US$2bn in revenues through pushing business at small local businesses endeavouring to keep up with demand.Įarlier this week it emerged that Google, the biggest internet company on the planet with a warchest of US$33bn to invest in acquisitions, was in advanced negotiations to buy the ‘deal of the day’ website.Īs the week progressed the price tag for Groupon approached US$5.3bn. Grassroots e-commerce site Groupon is apparently big enough now to tell Google it is not interested in being acquired.
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