Groupon's latest deal could be with Google

December 1, 2010

Produced by Eight Forty-Eight

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(Getty/Scott Olson)
Chicago-based Groupon Inc. allegedly caught the eye of Internet giant, Google.

If a favorite local restaurant or mani-pedi place seems a bit more crowded than usual, there’s a good chance it can be pinned to Groupon Inc. The Chicago-based company is at the forefront of a revolution called social buying.

Each day they offer at least one deal – a deep discount on a service or product if a certain number of people sign up for the offer. The arrangement has proven to be a win-win: Retailers reduce risk by selling to a secured number of customers and in turn, consumers  are scooping up deals one click at a time.

Still, why would Google, one of the most powerful tech companies, want to shell out billions for Groupon?

Eight Forty-Eight's business contributor David Greising weighed in on the rumored courtship. Greising is also a reporter for the Chicago News Cooperative.