While it still has yet to be confirmed, Vatornews is reporting that it has word from a “reliable source” that Google bought Groupon for a whopping $2.5 billion. Groupon, which e-mails users local daily deals on everything from restaurants to yoga classes, has grown exponentially since its November 2008 launch. The company is currently valued at $1 billion, with monthly revenues of over $50 million.
Rumors regarding the acquisition have been circulating for awhile, as Google has apparently been interested in the deal since Yahoo failed to make the acquisition earlier this year.
The deal is a good move for both parties. Google can now incorporate Groupon deals into Google Places, while Groupon gains more security against competitors like LivingSocial.
Do you use Groupon? What do you think of the acquisition? Let us know below.
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