When it comes to the online coupon space, Google wants in. The Internet giant wants in so badly, it was willing to pay $6 billion for the current market leader, Groupon. The huge offer was actually pretty fair considering Groupon’s reported $1 billion in annual revenue, but the deal died on the table and now Google is left searching for other ways to enter the space. According to a report from the New York Post on Tuesday, the company is doing just that — Google is currently on the prowl for a “Groupon wannabe” to snatch up so it can compete with the company that rejected its advances. Google tends to get what it wants, so an acquisition is bound to happen soon — and that’s good news for consumers. Stiffer competition means more deals, and thus more savings for users of these trendy new local deal vendors.

Read

Zach Epstein has worked in and around ICT for more than 15 years, first in marketing and business development with two private telcos, then as a writer and editor covering business news, consumer electronics and telecommunications. Zach’s work has been quoted by countless top news publications in the US and around the world. He was also recently named one of the world's top-10 “power mobile influencers” by Forbes, as well as one of Inc. Magazine's top-30 Internet of Things experts.