Friday, December 3, 2010

No deal for Google & Groupon

Google has been trying to get into the local game, but is not having too much luck so far. Back in December 2009, Google tried to buy Yelp for a reported $550 million.

Now, a year later, Google set its sights on the Chicago-based Groupon. But Groupon rejected Google's offer, too, which was reported to be over $5 billion.

This is certainly a pretty impressive offer for a company launched in late 2008... first in Chicago, then Boston, New York City, and Toronto ... now in hundreds of cities across at least 35 countries (source)! Groupon's founder, Andrew Mason is barely 30 and seems to be humbled by the company's growth. (Read an Aug 2010 interview here.) Curious how Groupon works? This site tells you everything you need to know.

Who might be next of Google's "local" list?

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