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Google, Groupon Talks Break Down; Google Can't Close Deal

First Posted: 02/02/11 05:12 AM ET Updated: 05/25/11 07:15 PM ET

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Wall Street Journal:

Google Inc.'s multibillion-dollar bid to acquire local deals site Groupon Inc. ended Friday as the two sides broke off talks, according to a person familiar with the matter.

Negotiations between the two companies heated up over the past week but Groupon's board, many of whom are investors, was divided on whether to accept Google's offer.

The company continued to consider remaining independent and pursuing an IPO in the future, people familiar with the matter have said.

Read the whole story: Wall Street Journal

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Google Inc.'s multibillion-dollar bid to acquire local deals site Groupon Inc. ended Friday as the two sides broke off talks, according to a person familiar with the matter. Negotiations between th...
Google Inc.'s multibillion-dollar bid to acquire local deals site Groupon Inc. ended Friday as the two sides broke off talks, according to a person familiar with the matter. Negotiations between th...
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HUFFPOST SUPER USER
Savage Saint Roger
Card Carrying Liberal
695 Fans
07:02 AM on 12/04/2010
Welcome to America where a coupon company who provides great deals on things like 12 fingered gloves becomes a power player.
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HUFFPOST SUPER USER
Vincent Gormley
Artist, activist, volunteer, compassion lives
887 Fans
11:40 PM on 12/03/2010
Can't close the deal? WHEW! Thought for a moment it would have said 'Google can't get it up', nah! good night all....
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