Google Said to Be Bidding on Groupon

Google is prepared to pay $5 billion to $6 billion for Groupon, the daily deals site, people familiar with the deal said Monday.

Groupon could approve the deal as early as this week, but the talks could still collapse, said these people, who spoke on the condition of anonymity.

At that price, Groupon would be the largest acquisition ever for Google. The deal would make Google the market leader in the fast-growing arena of locally tailored discounts.

Over the last decade, Google has acquired dozens of companies, spending billions for the online advertiser DoubleClick and the video-sharing site YouTube.

Read Full Article: http://www.nytimes.com/2010/11/30/technology/30google.html?src=twrhp