whatsapp whatsapp Show Comments ▼ KCS-content Tags: NULL by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”Wanderoam More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com Share Tuesday 30 November 2010 8:19 pm Google could bid up to $6bn for Groupon Google is poised to make its biggest ever acquisition, with a bid of up to $6bn (£3.85bn) expected for local advertising website Groupon.The two companies are believed to be negotiating a price somewhere between $5bn (£3.2bn) and $6bn – far ahead of the $3.1bn Google paid for DoubleClick.com and eclipsing the $1.65bn handed over for YouTube.Rumours the search giant was ready to make a bid for Groupon were stoked by a cryptic exchange of Twitter messages between executives from the two firms.Groupon chief executive Andrew Mason tweeted “today was the day-long equivalent of a very good week,” with Google’s head of M&A replying “I know what you mean… maybe… congrats”.There is constant speculation about Google’s acquisition interests as it has a cash war chest of about $33bn and does not pay a dividend to its shareholders.Groupon is a privately held, Chicago-based company which was launched about two years ago.Yahoo offered in the region of $3bn for Groupon in failed acquisition talks earlier this year.Groupon sends its members daily e-mails with about 200 discounts for goods and services. The deals are activated only when a minimum number of people agree to make a purchase, giving Groupon clout to negotiate steep group discounts on products and services.Both Google and Groupon declined to comment yesterday.GROUPONQ.WHAT IS GROUPON? A.As the name – a mixture of “group” and “coupon” – suggests, the website offers money-off coupons to groups of customers. Q.HOW DOES THE GROUPON SITE WORK?A.Retailers offer discounts – often very large ones – but with a hitch: a certain number of people have to agree to buy the product at the special price within a limited time period. If the required number don’t sign up, nobody gets to buy the cut-price product. All sorts of firms can use the site, although there are limits, for example on sellers of pornography. Q.HOW DOES GROUPON MAKE MONEY? A.Groupon takes a 50 per cent cut of all sales made through the site. Q.WHAT’S IN IT FOR THE RETAILER?A.First and foremost exposure. But it also gets a certain degree of protection, because a pre-set quota of customers have to buy before it agrees to sell. That means it can offset lower prices with higher volume.