Google Offered Groupon $5.75 Billion AND An $800 Million Break-Up Fee: " is how much Google offered to pay Groupon if the deal fell apart – a whopping $800 million.
Sources tell us Groupon turned down the deal because board members and executives felt like $800 million was not enough cash to recoup the value Groupon would lose if the merger were to fail anti-trust review.
All that said? Groupon probably would have accepted a $7.5 billion offer, sources say. Groupon is expected to IPO at a market cap above $10 billion sometime in the next week or two."
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Thursday, November 3, 2011
Google Offered Groupon $5.75 Billion AND An $800 Million Break-Up Fee
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