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Google eyes Groupon clones following bungled buy

Updated 4 years ago
Published Dec 22nd, 2010 5:51AM EST
BGR

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.

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Zach Epstein
Zach Epstein Executive Editor

Zach Epstein has been the Executive Editor at BGR for more than 10 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content.

Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment. His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.