There have been rumors that Google might decide to make another offer to acquire Groupon. If this actually happens…
- It will most likely be much lower than their initial offer of 6 Billion
- Groupon should seriously consider taking it.
Groupon continues to have stock troubles, CEO troubles, and other financial problems and hundreds of deal sites around the globe are actively working to take market share from Groupon. I blogged right after Groupon initially turned Google down that I thought they were absolutely crazy for doing so… I mean honestly; you build a company and after only 2 years you receive an offer for $6Billion and you turn it down?
In an industry where margins are already low across the board, I don’t believe Groupon can continue to make both their investors happy as well as their merchants who utilize their service.
Only time will tell if these rumors are true… I’m curious to know your thoughts.
Marc D. Horne
Daily Deal Builder
