Did Google buy Groupon for $2.5 billion over the weekend?

google-groupon-twitterBack in September, Groupon CEO Andrew Mason and Google M&A lead Neeraj Arora had an intriguing back and forth on Twitter. The thread included a cryptic note about “hard” work from Mason, and a vague congratulations from Arora. This hardly seemed indicative of anything, until now, as rumors are wildly pointing to a Google-Groupon acquisition that has been in talks for some time.

VatorNews is reporting, based on an anonymous insider source, that the Mountain View company bought the daily deals site for $2.5 billion, which is significantly less than initial speculation concerning the buy out.

If the yet-unconfirmed deal turns out to be true, Google will have succeeded where Yahoo failed. Yahoo attempted to acquire Groupon earlier this year but was unable to come to an agreement with the popular startup. In addition to turning down Yahoo, Groupon has also been attached to the idea of remaining independent.

So why the change of heart? Possibly the skyrocketing number of Groupon imitators and strong competitors, most notably in Facebook’s recently launched Deals feature has something to do with it. It’s also been reported that similar site LivingSocial is actually growing faster than Groupon, and that it has the capacity to continue. The deal with Google seems like a win-win for both companies, allowing Google to finally bolster its sagging social attempts as well as its Places application, and giving Groupon some protection from its ever-increasing list of rival sites.

Google is clearly attempting to stake out some territory in the burgeoning local market. The company recently launched HotPot, a social, review-focused extension of Google Places (yes, quite like Yelp, which Google failed to acquire) and has also revamped Google Products to include more local businesses that carry searched-for items. And while both seem perfectly capable of performing these services, they don’t carry the notoriety that Groupon does. Ushering in the well-established site would give Google a leg up in this market.

And even though this notoriety comes with a hefty price tag, The San Francisco Chronicle points to a research report claiming the company has some bragging rights when it comes to acquisitions, referencing similar deals with YouTube and DoubleClick. “Google is using its cash to buy into an emerging area of the Internet, thus maintaining its relevance in new segments. Since YouTube and DoubleClick are both gaining and posting sizable revenue numbers, we think Google’s acquisition history has been solid.”

Product Review

Can the Samsung Space Monitor save you from your cluttered desk?

High-concept monitors can sometimes over-complicate thing. Samsung's Space Monitor, however, tries to fix that problem by lifting the monitor off and away from your desk.
Computing

B&H cuts the price on this 27-inch LG monitor — save up to $90, today only

B&H's DealZone sales offer deep price cuts on some quality products, but they only last for a single day. This means you'll need to act quickly to save nearly 50% on LG's 27MK430H-B 27-inch Monitor with FreeSync -- making gaming on this…
Gaming

Apple Mac users should take a bite out of these awesome games

Contrary to popular belief, there exists a bevy of popular A-list games compatible for Mac computers. Take a look at our picks for the best Mac games available for Apple fans to enjoy.
Computing

Amazon drops killer deals on certified refurbished MacBook Pros for today only

Amazon is offering discounts of up to $320 off on four refurbished 2018 MacBook Pros as part of its current Deal of the Day promotion. Interested customers can snag two different MacBook Pros with 256GB of SSD storage for $1,330 each.
Computing

The Dell XPS 13 headlines the best laptop deals for May 2019

Whether you need a new laptop for school or work or you're just doing some post-holiday shopping, we have you covered: These are the best laptop deals going right now, from discounted MacBooks to on-the-go gaming PCs.
Computing

HP drops killer deals on laptops with up to $1,300 off for Memorial Day Weekend

HP is currently dropping prices on Spectre x360, Envy, Pavilion, and Omen laptops during its Memorial Day event. So if you're in dire need of a new laptop, the latest holiday savings may be exactly what you're looking for.
Deals

Best Memorial Day sales 2019: Amazon, Best Buy, and Walmart drop discounts

If you're looking to save big on some shiny new stuff for Memorial Day 2019, we've gathered everything you need to know into one place. Find out where to save the most money before the summer hits its stride.
Computing

Keep your kids safe online with these great parental control tools

The internet can be a dangerous place, especially for your loved ones. Check out our selection of the best free parental control software for Windows and MacOS, so you can monitor your child and block unsavory sites.
Computing

These external drives have speed, durability, and storage space to spare

Whether you want an external storage drive that is fast, portable, or comes with a ton of storage, these are the best external hard drives available today. They all come with great features and competitive pricing.
Computing

The 2019 ThinkPad lineup is robust. Here's how to pick the right one for you

Be it the X series, the T series, E series, it can be tough to find the best Lenovo laptop that is right for you. To help, we'll break down all the options available to make your choice a more informed one.
Computing

Here’s how to watch AMD reveal its new Ryzen chips at Computex

AMD will be holding a pre-Computex keynote on May 27 to announce its new line of 3rd-generation Ryzen processors and accompanying Radeon Navi graphics cards. Here's how to watch the keynote live wherever you are in the world.
Computing

Should you buy a MacBook Pro or a Razer Blade Stealth? We'll help you decide

Laptop head to heads are a great way to see which one might be the right one for you. Our latest sees the Razer Blade Stealth (2019) vs. MacBook Pro in a fight to see which one deserves to be your next laptop.
Computing

AMD's latest Navi graphics cards are incoming. Here's what to expect

AMD's Navi graphics cards could be available as soon as July 2019 — as long as it's not delayed by stock problems. Billed as a successor to Polaris, Navi promises to deliver better performance to consoles like Sony's PlayStation 5.
Computing

Ryzen 3000 chips will pack a punch, and could be launched as early as July

AMD's upcoming Ryzen 3000 generation of CPUs could be the most powerful processors we've ever seen, with higher core counts, greater clock speeds, and competitive pricing. Here's what we know so far.