No Deal for Google

Groupon decided to reject Google's offer of $5.3 billion.

According to Chicago Breaking Business, Groupon is considering going public but not until 2011 if it does indeed happen.

Groupon's presence in 35 countries worldwide with more than 3,000 employees and an annual revenue of $500 million is an impressive thing for a start-up business.

Google could have really benefited from these lucrative local/interpersonal advertising clusters all over the world. It also doesn’t have to create its own carbon copy of the deals site. Thirdly, it can ride Groupon’s instant brand recognition.

There are several reasons why a company might not want to sell out. The founders of Groupon have discovered a new flourishing working model and could want to see it all the way through regardless of how much money is dangled in front of them. Or they could just be holding out for a higher number.

But Groupon is expanding and hiring more employees this year, so whatever happens, Groupon is not going away.

G(oogle)rupon Update

Forbes magazine named Groupon the fastest growing company ever. Again, no wonder Google wanted it.

Evidently the bid for Groupon has increased to $5-$6 Billion and Groupon is "considering it." That means they have other offers. This company is making sure it picks the best offer because they've already brushed off Yahoo's earlier $3 billion offer.

But neither party is talking so right now everything is mere speculation. I'll keep you updated when more surfaces.

For your entertainment, here is an article from PaidContent.org explaining "Why Google Buying Groupon Is a Bad Idea."

Groupon's Been Googled.

It's been rumored that Google just bought Groupon for $2.5 billion.

It is estimated that Groupon is worth $1 billion and grossing $50 million per month for its venues. This is quite an accomplishment for a business that has been open only two years. No wonder Google wants them.

There have been Groupon copycats such as BuyWithMe, Qponus, LivingSocial and many others. 

This acquisition would separate Groupon from the rest of the copycats while also making GooglePlaces, which is designed to help local business owners gain an edge in search engine marketing, a database for venue choices.

But I ask, what about the little guys? Why do all start-up businesses need to be bought out? Why does Google need to own everything?  I'm not a fan of how these brilliant innovative ideas are being gobbled up by now corporate conglomerates.