Google Offered to Buy Groupon for $5.75 Billion with $800 Million Break-Up Fee
Google (NASDAQ:GOOG) offered to buy Groupon for $5.75 billion, and its offer included a break-up fee of $800 million, Business Insider reports.
According to sources, Groupon turned down the deal because board members and executives felt like $800 million "was not enough cash to recoup the value Groupon would lose if the merger were to fail anti-trust review."
Sources say Groupon likely would have accepted a $7.5 billion.
Google (NASDAQ:GOOG) has potential upside of 25.1% based on a current price of $582.45 and an average consensus analyst price target of $728.57.
