A “takeout candidate”
Google is reportedly considering making another offer for daily deals service Groupon, with the search firm’s interest in Groupon rekindled due to the current low price of its stock. An analyst with Telsey Advisory Firm, Tom Fore, claims that Groupon’s market valuation of just USD3.5bn makes it a “takeout candidate”, claiming that Google could be interested following its failed attempt to buy Groupon for a rumoured USD6bn two years ago. Although the rumours have been met with derision in some quarters, Groupon’s share rose by almost a quarter on the speculation, their highest price since mid-October. Any further details on such a deal are unknown, with both Google and Groupon refusing to comment.
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