We heard that Groupon executives were confident they could hit their milestones, but these are the same executives who apparently thought $25 billion was reasonable. $3 billion today, up to $3 billion later. Let’s imagine, for a moment, that the two sides reached a 50/50 compromise. Groupon wanted more of the former, while Google wanted more of the latter. Sources at the time told me that the talks partially broke down over breakdown of up-front cash vs. Groupon deserves lots of blame for letting that $25 billion figure leak, but we should be a bit circumspect about the “$6 billion” Google offer.
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