02/02/2011 05:12 am ET | Updated May 25, 2011

Groupon's Google Deal Could Transform Chicago's Tech Start-Ups

Chicago has been home to far bigger transactions than the one being discussed between Google and Groupon. But few, if any, have had as much riding on it for the city as this $6 billion deal does.

Groupon, a Chicago company coveted for its ability to mobilize millions of people online to buy local products, offers steep daily discounts to consumers on an array of products and services. If the Google-Groupon deal is completed, Groupon will be one of the country's biggest start-up success stories and one likely to spur a frenzy of new investment in Internet-based companies, including more in sometimes-overlooked Chicago.

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