Wazua
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BREAKING NEWS: Groupon rejects Google offer!
Rank: Veteran Joined: 4/16/2010 Posts: 906 Location: Nairobi
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In case you didn't know, Groupon is a tech company that engages in group buying of special offers. In 2 years, they increased their revenues to 500 million dollars per year, making them the fastest growing company EVER! The Groupon model is being touted by some as 'the future of commerce.' Now Google came up to them with a 6 BILLION dollar buyout offer straight from their 30 BILLION dollar cash reserve. The talks have been on going for the past week and Groupon finally rejected the deal, despite many thinking that this was an offer they can't refuse http://techcrunch.com/20...oupongoogle-deal-is-off/
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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Standard negotiation tactic in the Mergers & Acquisitions world as the selling directors negotiate appropriate golden parachutes.
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Rank: Veteran Joined: 6/8/2007 Posts: 675
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Well, check out this interesting post - http://bit.ly/hyiOTH.
"It all changes when the founder is driving a porsche" Form is temporary, class is permanent
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Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
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Gordon Gekko wrote:Standard negotiation tactic in the Mergers & Acquisitions world as the selling directors negotiate appropriate golden parachutes. Very tru. This is standard but I'm sure they'll give in although Yahoo! resisted and rejected.
BBI will solve it :)
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Rank: Elder Joined: 9/15/2006 Posts: 3,905
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Very interesting and very true post. Clearly two times when you make good money: -early stage/concept adopter (when there's a lot of hunger) -before the IPO
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Wazua
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BREAKING NEWS: Groupon rejects Google offer!
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