Groupon rejects Google's $6 billion bid - GoFuckYourself.com

DateDoc · 12-03-2010, 07:22 PM

The Chicago Tribune is reporting that Groupon has rejected Google's offer to buy the local-advertising company for reportedly up to $6 billion. A series of anonymously sourced stories about the purported deal held the attention of the tech press over the past week, but neither company ever publicly confirmed anything.

Citing "two sources with direct knowledge of the situation," the Tribune is reporting that Groupon turned down the offers and will decide in 2011 whether to go public.

http://seattletimes.nwsource.com/htm...s_googles.html

seeandsee · 12-03-2010, 07:34 PM

jesus, sell sell sell!

djroof · 12-03-2010, 07:39 PM

wtf????????

moeloubani · 12-03-2010, 07:40 PM

omggggggggggg are you shitting me a 2 year old site turned down 6 billion dollars

what

the

fuck

HomerSimpson · 12-03-2010, 07:58 PM

suckers...

can't believe this shit...

Argos88 · 12-03-2010, 08:05 PM

what the fuck is groupon??

is that the site that is all over the ADSENSE clicks??? 6 billions WTF?

we are definitely doing something VERY wrong...

.

strobi · 12-03-2010, 08:06 PM

They are EVERYWHERE. They sure must have an insane advertisement budget! I would sell too :-) 6 billion isn't chump change :-)

marketsmart · 12-03-2010, 08:38 PM

they are stupid...

google will launch a competitor and blow them out of the water...

this is what would have happened if admob didn't sell to goog...

.

LeRoy · 12-03-2010, 09:01 PM

I read about it on Mashable. I would've take the $$

topsiteking · 12-03-2010, 09:38 PM

ARE YOU FUCKING JOKING?
They did not take it?

AzteK · 12-03-2010, 09:53 PM

Mark Zuckerberg is sleeping with the owner. I heard...onnn...aaa...wikileaks

Supz · 12-03-2010, 10:36 PM

If they rejected a 6 bill offer that offer probably didnt exist.

epitome · 12-03-2010, 10:45 PM

I read this a few hours ago and realized that the groupon board is stocked with incompetent retards.

A lot of the board is made up of investors. This was probably an ego decision by the board. Who the fuck turns down an offer for 4x valuation?

PornMD · 12-03-2010, 10:47 PM

Quote:

Originally Posted by marketsmart

they are stupid...

google will launch a competitor and blow them out of the water...

this is what would have happened if admob didn't sell to goog...

.

That or Facebook will. Facebook would pwn that space if they did something like that.

AzteK · 12-03-2010, 10:59 PM

Quote:

Originally Posted by PornMD

That or Facebook will. Facebook would pwn that space if they did something like that.

It would be a better fit for Facebook. It makes too much sense.

mgtarheels · 12-03-2010, 11:00 PM

Why are people ITT acting as if they knew what G was going to do with the site?

PornMD · 12-03-2010, 11:02 PM

Quote:

Originally Posted by mgtarheels

Why are people ITT acting as if they knew what G was going to do with the site?

Google would have been fucking stupid if they did ANYTHING with the site. It's only the fastest growing company ever. Not past 10 years, not past 100 years, ever. Kind of a big deal. I don't fucking get it but they're doing stuff right and it'd be stupid to screw with it.

mgtarheels · 12-03-2010, 11:04 PM

Quote:

Originally Posted by PornMD

Google would have been fucking stupid if they did ANYTHING with the site. It's only the fastest growing company ever. Not past 10 years, not past 100 years, ever. Kind of a big deal. I don't fucking get it but they're doing stuff right and it'd be stupid to screw with it.

They would've changed it, imo.

I'd guess they'd implement it into Google Places to replace the coupons they currently use.

fris · 12-03-2010, 11:06 PM

i would have taken it and ran

mgtarheels · 12-03-2010, 11:07 PM

Quote:

Originally Posted by fris

i would have taken it and ran

x2.

I'm curious to see the board and the % splits between them.

nocinc · 12-03-2010, 11:21 PM

they are probably just holding out a little bit to see if they can get a better deal, "going public" is most likely something just to say to make the company sounds better to google, who knows they might thorw in another billion lol

im sure the current offer will stand for a while, when your selling your car do you always take the first offer? i know its a lot of money and they should have ran with it but whats wrong with trying to get a few extra bucks

HandballJim · 12-03-2010, 11:29 PM

I would have taken that money and ran

Zprogramz · 12-03-2010, 11:38 PM

I downloaded the Groupon app because my brother told me about it. I was not impressed as they did not even have an area anywhere close to mine. Is it just a bunch of local biz selling specials or am I missing something?

{Psycho} · 12-03-2010, 11:39 PM

groupon a group buying deal site

Do u know why they turned down

As they are making loads every year from their website

DateDoc · 12-04-2010, 08:53 AM

No matter how big the egos are at groupon I do not think they are too big to say $6 billion is not enough just because of their egos.

Angry Jew Cat - Banned for Life · 12-04-2010, 09:46 AM

Quote:

Originally Posted by PornMD

That or Facebook will. Facebook would pwn that space if they did something like that.

Facebook already has "Deals". The speculation was that Googlr wanted to purchase Groupon in order to place themselves in direct competition with Facebook and their Deals setup.

webair · 12-04-2010, 11:55 AM

6 billion and they didn't take it? They should change their name to stupon

DateDoc · 12-04-2010, 02:43 PM

I guess Groupon thinks they can expand on the current revenue of $500 million a year.

ertiope · 12-04-2010, 03:02 PM

They are doing an annual run-rate of close to $2 Billion, more or less grossing as much as Facebook. And GroupOn (Unlike many other similar sites) take 50% of the cost of each coupon instead of "just" 30% that the others tend to take.

Meaning, they will without a doubt do over $1 Billion in profit next year, even if they put up a lot of $ on expansion.

ShellyCrash · 12-04-2010, 03:15 PM

Quote:

Originally Posted by ertiope

Meaning, they will without a doubt do over $1 Billion in profit next year, even if they put up a lot of $ on expansion.

Even so, in the current market not many offers going out in 5 time multiples anymore. No company's future is certain, if the offer was serious that is alot to walk away from.

WiredGuy · 12-04-2010, 03:31 PM

The rumours of Groupon making $50MM/month are supposedly way too low. Speculation is that number is closer to $180MM/month which puts a 6 Billion valuation at 3 years of income. I know they're only 2 years old but if those sales figures are true, they can probably get quite a bit higher. Especially now that they're launching a platform for anyone to put discount offers on there. They definitely are gonna clean up if they do sell!
WG

CYF · 12-04-2010, 03:56 PM

Quote:

Originally Posted by epitome

I read this a few hours ago and realized that the groupon board is stocked with incompetent retards.

A lot of the board is made up of investors. This was probably an ego decision by the board. Who the fuck turns down an offer for 4x valuation?

no shit, I'd fucking sell

Spudstr · 12-04-2010, 06:19 PM

Quote:

Originally Posted by WiredGuy

The rumours of Groupon making $50MM/month are supposedly way too low. Speculation is that number is closer to $180MM/month which puts a 6 Billion valuation at 3 years of income. I know they're only 2 years old but if those sales figures are true, they can probably get quite a bit higher. Especially now that they're launching a platform for anyone to put discount offers on there. They definitely are gonna clean up if they do sell!
WG

Wouldn't surprise me, the amount of _DATA_ those guys have is unrealistic. To the _right_ buyer its worth way more than 6bil.

Davy · 12-05-2010, 03:20 AM

That's just ridiculous.

poisson · 12-05-2010, 08:09 AM

Another one i dint see coming.

i Guess i'm getting old!

12-03-2010, 07:22 PM	#1
DateDoc Outside looking in. Industry Role: Join Date: Feb 2005 Location: To Hell You Ride Posts: 14,243	Groupon rejects Google's $6 billion bid The Chicago Tribune is reporting that Groupon has rejected Google's offer to buy the local-advertising company for reportedly up to $6 billion. A series of anonymously sourced stories about the purported deal held the attention of the tech press over the past week, but neither company ever publicly confirmed anything. Citing "two sources with direct knowledge of the situation," the Tribune is reporting that Groupon turned down the offers and will decide in 2011 whether to go public. http://seattletimes.nwsource.com/htm...s_googles.html __________________

12-03-2010, 07:34 PM	#2
seeandsee Check SIG! Industry Role: Join Date: Mar 2006 Location: Europe (Skype: gojkoas) Posts: 50,945	jesus, sell sell sell! __________________ BUY MY SIG - 50$/Year Contact here

12-03-2010, 07:58 PM	#5
HomerSimpson Too lazy to set a custom title Industry Role: Join Date: Sep 2005 Location: Springfield Posts: 13,826	suckers... can't believe this shit... __________________ Make a bank with Chaturbate - the best selling webcam program Ads that can't be block with AdBlockers !!! /// Best paying popup program (Bitcoin payouts) !!! PHP, MySql, Smarty, CodeIgniter, Laravel, WordPress, NATS... fixing stuff, server migrations & optimizations... My ICQ: 27429884 \| Email:

12-03-2010, 08:05 PM	#6
Argos88 So Fucking Banned Industry Role: Join Date: Sep 2009 Posts: 1,732	what the fuck is groupon?? is that the site that is all over the ADSENSE clicks??? 6 billions WTF? we are definitely doing something VERY wrong... . Last edited by Argos88; 12-03-2010 at 08:07 PM..

12-03-2010, 09:01 PM	#9
LeRoy Porn Pusher Industry Role: Join Date: Jul 2007 Location: It's a dry heat Posts: 13,337	I read about it on Mashable. I would've take the $$ __________________ JAPANESE CAMS AND CONTENT SITES Skype - leroy.rowland2

12-03-2010, 07:39 PM	#3
djroof JuicyDevils.gr Owner Industry Role: Join Date: Jan 2004 Location: Greece Posts: 25,391	wtf????????

12-03-2010, 07:40 PM	#4
moeloubani Confirmed User Industry Role: Join Date: Dec 2007 Location: Ontario Posts: 4,235	omggggggggggg are you shitting me a 2 year old site turned down 6 billion dollars what the fuck

12-03-2010, 08:06 PM	#7
strobi Confirmed User Join Date: Nov 2002 Location: Belgium Posts: 7,383	They are EVERYWHERE. They sure must have an insane advertisement budget! I would sell too :-) 6 billion isn't chump change :-)

12-03-2010, 08:38 PM	#8
marketsmart HOMICIDAL TROLL KILLER Industry Role: Join Date: Dec 2004 Location: Sunnybrook Institution for the Criminally Insane Posts: 20,419	they are stupid... google will launch a competitor and blow them out of the water... this is what would have happened if admob didn't sell to goog... .

12-03-2010, 09:38 PM	#10
topsiteking ICQ: 470687453 Industry Role: Join Date: Dec 2007 Location: USA Posts: 3,571	ARE YOU FUCKING JOKING? They did not take it? __________________ ICQ: 470687453 EMAIL: [email protected]

12-03-2010, 09:53 PM	#11
AzteK Confirmed User Industry Role: Join Date: Feb 2001 Location: Northern Cali, USA Posts: 3,445	Mark Zuckerberg is sleeping with the owner. I heard...onnn...aaa...wikileaks

12-03-2010, 10:36 PM	#12
Supz Arthur Flegenheimer Industry Role: Join Date: Jul 2006 Location: New York City Posts: 11,056	If they rejected a 6 bill offer that offer probably didnt exist.

12-03-2010, 10:45 PM	#13
epitome So Fucking Lame Industry Role: Join Date: Jun 2009 Location: St. Petersburg, FL Posts: 12,156	I read this a few hours ago and realized that the groupon board is stocked with incompetent retards. A lot of the board is made up of investors. This was probably an ego decision by the board. Who the fuck turns down an offer for 4x valuation?

12-03-2010, 11:00 PM	#16
mgtarheels Confirmed User Industry Role: Join Date: Mar 2010 Location: Daytona Beach, FL Posts: 1,317	Why are people ITT acting as if they knew what G was going to do with the site?

12-03-2010, 11:06 PM	#19
fris Too lazy to set a custom title Industry Role: Join Date: Aug 2002 Posts: 55,359	i would have taken it and ran __________________ Since 1999: 69 Adult Industry awards for Best Hosting Company and professional excellence. WP Stuff

12-03-2010, 11:21 PM	#21
nocinc Registered User Join Date: Oct 2004 Posts: 50	they are probably just holding out a little bit to see if they can get a better deal, "going public" is most likely something just to say to make the company sounds better to google, who knows they might thorw in another billion lol im sure the current offer will stand for a while, when your selling your car do you always take the first offer? i know its a lot of money and they should have ran with it but whats wrong with trying to get a few extra bucks Last edited by nocinc; 12-03-2010 at 11:22 PM..

12-03-2010, 11:29 PM	#22
HandballJim Confirmed User Industry Role: Join Date: Sep 2008 Location: NYC Posts: 4,024	I would have taken that money and ran __________________ HOW I MAKE LOTS OF $$$

12-03-2010, 11:38 PM	#23
Zprogramz Confirmed User Join Date: Apr 2003 Posts: 1,360	I downloaded the Groupon app because my brother told me about it. I was not impressed as they did not even have an area anywhere close to mine. Is it just a bunch of local biz selling specials or am I missing something?

12-03-2010, 11:39 PM	#24
{Psycho} Confirmed User Industry Role: Join Date: Oct 2010 Location: Money Posts: 612	groupon a group buying deal site Do u know why they turned down As they are making loads every year from their website __________________ Quality Offshore VPS & Dedicated Servers Earn 65$ per Signups

12-04-2010, 08:53 AM	#25
DateDoc Outside looking in. Industry Role: Join Date: Feb 2005 Location: To Hell You Ride Posts: 14,243	No matter how big the egos are at groupon I do not think they are too big to say $6 billion is not enough just because of their egos. __________________

12-04-2010, 11:55 AM	#27
webair Confirmed User Industry Role: Join Date: Feb 2002 Location: NYC, NY Posts: 8,531	6 billion and they didn't take it? They should change their name to stupon __________________ ~ Webair Dedicated Cloud Servers™ ~ WEBAIR VSYS™ Virtual Hosting Platform ~ Superior CDN Network ~ ~ Managed Dedicated hosting Specialists ~ DISCOUNT DOMAIN NAMES! ~ WEBAIR FUSION IO MANAGED CLOUD SERVERS! ~ *ICQ:* 243116321 - *TWITTER* - @WEBAIRINC - E-Mail: [email protected]

12-04-2010, 02:43 PM	#28
DateDoc Outside looking in. Industry Role: Join Date: Feb 2005 Location: To Hell You Ride Posts: 14,243	I guess Groupon thinks they can expand on the current revenue of $500 million a year. __________________

12-04-2010, 03:02 PM	#29
ertiope Confirmed User Join Date: Apr 2010 Posts: 79	They are doing an annual run-rate of close to $2 Billion, more or less grossing as much as Facebook. And GroupOn (Unlike many other similar sites) take 50% of the cost of each coupon instead of "just" 30% that the others tend to take. Meaning, they will without a doubt do over $1 Billion in profit next year, even if they put up a lot of $ on expansion.

12-04-2010, 03:31 PM	#31
WiredGuy Pounding Googlebot Industry Role: Join Date: Aug 2002 Location: Canada Posts: 34,469	The rumours of Groupon making $50MM/month are supposedly way too low. Speculation is that number is closer to $180MM/month which puts a 6 Billion valuation at 3 years of income. I know they're only 2 years old but if those sales figures are true, they can probably get quite a bit higher. Especially now that they're launching a platform for anyone to put discount offers on there. They definitely are gonna clean up if they do sell! WG __________________ I play with Google.

12-05-2010, 03:20 AM	#34
Davy Confirmed User Industry Role: Join Date: Apr 2006 Location: Germany Posts: 4,323	That's just ridiculous. __________________ --- ICQ 14-76-98 <-- I don't use this at all

12-05-2010, 08:09 AM	#35
poisson Confirmed User Join Date: Mar 2003 Location: Sea Posts: 6,474	Another one i dint see coming. i Guess i'm getting old! __________________