Re:Groupon updates IPO filing, admits it's unprofitable
by jayzee on Wednesday August 10, 2011 @05:57PM
(#2870397)
It was actually smart. Groupon wanted a hefty break-up $5B fee. Google refused. Groupon must have known that the deal would never pass muster at Google after real number crunching. Hence they refused. With the break-up fee they would have still made like bandits.
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Re:Groupon updates IPO filing, admits it's unprofitable
by samirg on Thursday August 11, 2011 @01:32AM
(#2871562)
The break up fee was to protect against the gov't blocking the acquisition due to antitrust concerns as far as I know. Pretty sure the business diligence was already complete by that time.
Re:Groupon updates IPO filing, admits it's unprofitable
by Tofusensei on Wednesday August 10, 2011 @07:53PM
(#2870747)
Source?
Re:Groupon updates IPO filing, admits it's unprofitable
by shrikant on Thursday August 11, 2011 @06:34AM
(#2872223)
http://www.pcmag.com/article2/0,2817,2373870,00.asp
"I think the holdup on GOOG/Groupon deal is size of break-up fee if Gov't blocks deal," wrote Venrock venture capitalist David Pakman in a Twitter message early December 3.