TribLIVE

| Business


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Groupon surges on Google takeover speculation

GRPN $4.69 +$0.88

at close on FRIDAY

Daily Photo Galleries

By Douglas Macmillan C.2012 Bloomberg News
Saturday, Dec. 8, 2012, 12:01 a.m.
 

Groupon Inc. surged to the highest price in three weeks on speculation that Google Inc. might consider buying the online coupon provider.

The shares advanced 23 percent to $4.69, closing at the highest price since Oct. 19. The stock has lost 77 percent of its value since since an initial public offering in November 2011. Groupon CEO Andrew Mason is a Mt. Lebanon native.

The stock plunge since the IPO may spark renewed takeover interest from Google now that Groupon's market value has slipped to $3.07 billion, said Tom Forte, an analyst at Telsey Advisory Group. Google had considered acquiring Groupon for $6 billion the year before its public market debut.

 

 
 


Show commenting policy

Most-Read Stories

  1. Foreign influx in Allegheny County at ‘tipping point’
  2. 1 intruder killed, other shot and wounded in Carrick home invasion
  3. GM Colbert expects Roethlisberger to end career with Steelers
  4. Steelers WR Wheaton wants to produce after injury-plagued rookie year
  5. Roethlisberger ‘prays’ he can stay with Steelers when deal expires
  6. Steelers hope group of low-budget cornerbacks can deliver
  7. Rostraver youth pastor accused of sexual contact with teen girl
  8. Observers mixed on grid backup amid carbon rules, natural gas uncertainty
  9. Rostraver youth pastor accused of sex assault
  10. Route 28 motorists to face new traffic configuration starting Wednesday
  11. Inside the ropes: Roethlisberger may have his big receiver
Subscribe today! Click here for our subscription offers.