Groupon's purchase by Google for $2.5 billion just a rumour, apparently

Posted by Liam Britten

Is the will-they-or-won’t-they saga of Google buying Groupon over?

Vator.tv is reporting that it is: Groupon has been bought by Google for $2.5 billion.

From Vator:

Google has just purchased Groupon for $2.5 billion, according to an unnamed insider who spoke with VatorNews.  Neither Google nor Groupon could be reached for comment to confirm the report, but Vator’s source is reliable and the report falls in line with the recent string of Groupon acquisition rumors.

I guess they found a good deal on the website.

Well, hold up: apparently it's not a done deal. At all. At least that's what Google told NBC:

Despite reports to the contrary, Google has not purchased Chicago-based coupon site, and Internet behemoth, Groupon for $2.5 billion.

Earlier Monday Vator.tv's Faith Moreno reported that a rumored deal between the companies was complete. Google, however, shot down the news.

"We don't comment on rumor or speculation," said Google Media Spokesman, Aaron Zamost.

He also added that it prohibited him "to confirm/deny/or provide a time frame" of when we could expect any information confirming or invalidating the rumors.

One thing to keep in mind is that just because the companies are both playing their cards close to their chests doesn’t mean that this deal won’t happen, or that it hasn’t even already happened, and the companies are waiting to reveal the news.

Stay tuned — tomorrow’s another day for rumours and speculation.

Company:
Google
Website:
http://www.google.com
Location:
Waterloo, Ontario, Canada

Google's mission is to organize the world's information and make it universally accessible and useful. As a first step to fulfilling that mission, Google's founders Larry Page and Sergey Brin developed a new approach to online search that took root in a Stanford University dorm room and quickly spread to information seekers around the globe. Google is now widely recognized as the world's largest search engine --... more

Company:
Groupon
Website:
http://www.groupon.com
Location:
Chicago, Illinois, United States

Launched in November 2008, Groupon features a daily deal on the best stuff to do, see, eat, and buy in a variety of cities across the United States. We have about 200 wonderful people working in our Chicago office (a handful of whom you can see to your right), along with a smattering of people in Groupon's other cities. Our company philosophy is pretty simple: we treat our customers the way we like to be treated.... more


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Liam Britten

Liam Britten

Liam Britten is a writer and editor with a journalism background operating out of Vancouver. In addition to his work at Techvibes, he has been published in student publications across Canada, as well as local newspapers such as The MapleRidge-Pitt Meadows TIMES and The Langley Advance. An aficionado for the finer things in life — such as video games and sports — Liam is plugged into the tech... more




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