SAN FRANCISCO (AP) — Published reports are saying that Google’s attempt to buy local-coupon site Groupon appears to have failed for now.
Groupon, whose ties to local merchants and some 18 million subscribers made it a company worth potentially $5 billion to $6 billion to Google, has decided to stay independent for now, and may pursue an initial public offering of stock.READ MORE: Larkspur Plan Would Convert Former Skilled Nursing Facility Into Housing For Homeless Adults
That’s according to reports in the Chicago Tribune, The Wall Street Journal and The New York Times, which are based on unnamed sources close to the negotiations. Groupon is based in Chicago.READ MORE: UPDATE: Oakland City Council Votes To Add Police After Spike in Homicides
Messages by The Associated Press for Google and Groupon representatives were not immediately returned Saturday.MORE NEWS: 'Amazon One' Contactless Payment Palm Reader Debuts On Santana Row In San Jose
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