Wednesday, December 1, 2010
Google Is Said to Be Poised to Buy Groupon
Google has undoubtedly been the leader of the internet industry. And it seems like it is doing everything it can to cement this status. Case in point, Google is nearing a deal to acquire Groupon, the online discounter, for a whooping $6 billion. The rationale for this purchase is that it will allow Google to make a foray into local business online advertising. Since the beginning of the year, we have seen a lot of technology titans going on a buying spree, but if this deal came through, it would be the largest of the year.
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Although the recession had a very negative impact on the overall economy and job market, it did have some positive features as well. Apart from imposition of stricter regulations, the recession also introduced a foray of mergers and acquisitions in the economy. Most of these mergers have been friendly and have proved to be successful overall thus, enabling consumer welfare. However, with the improvement in the economy, one wonders if these mergers will end up monopolizing the markets leading to a future meltdown.
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