Google's $6 Billion Bid

Be fair, attentive, and customers
will return.

Google is willing to pay around $6
billion for e-commerce coupon web
site Groupon per media sources. The
first payment will be 5.3 billion,
and 700 million will be used as
incentive to keep current employees
according to AllThingsD.

This offer comes as it's rumored that
Yahoo would offer $3 billion to $4
billion to purchase the company. It
turned out that the two companies
paired up as partners for Yahoo Local,
details have not been specified.

The social shopping network is two years
old, revenue is about $600 million.
Industry experts feel that figure will
grow.

Groupon's revenue is from offering members
big discounts from retailers. Retailers get
lots of traffic for their inventory.

Groupon is located at Groupon.com that is
localized to many major markets in both the
United States and Canada. Originally, it
launched in November 2008. Groupon first
arrived in Chicago, Illinois. It was off
to Boston, New York City and Toronto. As
of October 2010, Groupon now serves more
than 150 markets in North America as well
as 100 markets in Europe, Asia and South
America.

Groupon is reportedly thinking about Google's
offer.

http://newsblaze.com/story/20101130110155writ.nb/topstory.html