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Groupon rejects Google’s offer

Groupon rejects Google’s offer

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Well, we have confirmed this from our sources, that Groupon has rejected Google’s $6 billion dollar offer, as they position themselves for an IPO:

Chicago-based Groupon Inc. has eschewed an acquisition offer from Google Inc. and is staying independent, according to two sources with direct knowledge of the situation. The two companies had been engaged in talks, with speculation about the corporate marriage reaching a fever pitch over the last week. Google had reportedly offered between $5 billion and $6 billion for the daily deal startup. Groupon may still choose to pursue an initial public offering but will not make a decision about going public until 2011, a source said. – read more from Chicago Breaking News

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