Groupon declines $6 Billion dollar offer from Google.

Crain's Chicago has confirmed that the negotiations between Groupon and Google have collapsed. It appears the members of Groupon's board was reportedly divided over selling the idea of selling out to to Google. Their oppositions were not based on some “Moral principle,” or a CEO who’s great grand father started the business 100 years ago and can't imagine this company ever leaving their family’s control. No this was based on the simple belief that $6,000,000.00 is not enough money for a company that was started “A WHOLE TWO YEARS AGO.”
It turns out that many of the board members representing some the more-recent investors, are convinced that Groupon will be worth more next year. Word on the street is that Groupon might instead decide to pursue an (IPO) initial public offering next year.

Andrew Mason, Groupon CEO and founder, declined to comment on the news.
Mr. Mason echoed the same words that spokespeople for Google have been repeating all week, "I won't comment on speculation or rumors about the business."


OK. I’m not privy to the financial records of Groupon, I can't say weather $6 Billion dollars is the right price, or is it $7 Billion that is required to “Do the deal”; all I can think of is “How in the hell is a 2 year old company that sells coupons worth $6 Billion dollars?”


What strange economic times we live in today. I can’t find anybody that can explain the business- model behind Twitter, a company that I can’t find any evidence every collected any money for it’s services; yet I'm told by financial experts is worth $10 to $12 Billion dollars. Today you can get a steel mill, that once employed 3,000 people, free with a purchase of a “Happy Meal,” but Linked-in is worth billions.


Andrew Mason, I’m sure you will get the Billions you seek, and I'm jealous of staggering return on investments that will be reaped by those that had the wisdom to recognize that this two year old, Chicago company would find it’s self in a position to turn down multi-billion dollar offers. The Web continues to amaze.