Google Gets a Slap in the Face: Groupon Declines Multibillion Dollar Deal
Oh goodness…Google’s deal with Groupon was pretty much as good as signed and sealed according to media reports (we report), but now it seems as if the deal has fallen through. US media reports reported this weekend that the negotiations were indefinitely interrupted, unfortunately without success.
The integration with the bargain portal would have been a gold mine for Google, which would have been able to boost its advertising profits by increasing its local offering. But Groupon won’t let anyone take its golden scepter out of its hand, not even for five billion dollars, which Google allegedly offered. The specifics still aren’t quite clear. Groupon had already declined an offer of three billion from Yahoo about half a year ago.
Despite this, Google isn’t letting this spoiled deal get in the way of its shopping spree: according to the news agency Reuters, the company has purchased Widevine, which specializes on anti-piracy software for video files. Its customers consist of primarily television channels and cable providers. Google has also invested in some real-estate in Manhattan for two billion dollars. The trust already belongs to the list of tenants in the second largest building in New York.
Google Gets a Slap in the Face: Groupon Declines Multibillion Dollar Deal







