While news that Groupon has rebuffed Google's $6 billion offer has stolen the limelight, Amazon's $175 million investment in LivingSocial could end up shaking up the daily-deal business and helping the No. 2 e-coupon company gain ground against Groupon.
Groupon has turned down Google's acquisition offer of roughly $6 billion. It might be holding out for more money, but columnist Alex Salkever thinks it's more likely to be aiming for a big IPO. Here's why he believes its offering could launch a whole new wave of Internet IPOs.
Just a few days after Google reportedly offered $6 billion for the top group-buying site, Groupon, the service's biggest rival, LivingSocial, has scored a $175 million investment from Amazon. But how long will these hot deals last?
Group-buying site Groupon is expanding its offerings with a new Shops feature that will enable customers to see more than one deal at a time, personalized to their interests. The news comes after Google offered a whopping $6 billion for the company.
After rumors last month that Yahoo had offered to buy coupon service Groupon for between $1.5 billion and $3 billion, the company is seeking an undisclosed amount of venture-capital funding at a valuation of between $2 billion to $3 billion.
