Have Google bought Groupon?

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Rumours are picking up pace that Google have bought the group buying site Groupon.

A $2.5bn deal has reportedly been finalized after weeks of negotiations. It is believed that Google initially made a bid of around $2bn on November 19th.

VatorNews claims that an “unnamed insider” and a “reliable” source has told them that Google “has just purchased Groupon for $2.5 billion.”

Groupon offer extensive deals to users specific to the city they live in, encouraging them to share purchases and deals with their friends in order to reap the benefits of massively discounted services.

Founded back in 2008, Groupon are believed to have revenues in the region of $50m a month, coming from 20 million subscribers around the world.

Gerald Lynch