Groupon to Google: Keep Your $6B

Startup turns down rumored purchase offer
By Polly Davis Doig,  Newser Staff
Posted Dec 4, 2010 7:03 AM CST

(Newser) – Valued at a mere $1.3 billion in April, Groupon last night walked away from Google and its rumored purchase offer of between $5 billion and $6 billion, opting instead to remain independent, sources tell the Chicago Tribune. Neither Groupon nor Google would comment, but insiders say that the 2-year-old tech star may still pursue an IPO, but that it wouldn't make that decision until 2011.
(Read more Google buys Groupon stories.)

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