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Google bidding up to $6B for Groupon
- davi 16y agoDupe, HN discussion here: http://news.ycombinator.com/item?id=1953150 http://news.ycombinator.com/item?id=1953150
- chunkbot 16y agoThe deal is in the "$5 billion to $6 billion range".
- trotsky 16y agoNow it's $6B? 4x their six month old $1.3B valuation? Does anyone know earnings? ~$100M? 60 P/E? If this deal goes through I wonder if it'll get regarded as this bubble's high water mark, similar to the AOL Time Warner deal on Jan 10, 2000. NASDAQ began its free fall only two short months after that deal.
- robryan 16y agoI think a Zynga IPO is likely to be an ever crazier proposition that gets snapped up.
- SkyMarshal 16y agoIt would be amusing if Zynga IPOs before FB does.
- dpcan 16y agoI just keep thinking about when eBay bought Skype.
- learner4life 16y agoeBay did not loose much money on the Skype acquisition. They were able to sell for what they bought it for which not a bad deal.
- potatolicious 16y agoStill a bad acquisition overall - one of those "what were they thinking" things? It's like they bought a company because it was cool, not because it had a place in the portfolio or they offered something of value to the core business (or even a tangential spinoff business).
- vamsee 16y agoUnless Skype made them a lot of money to make up for it, what about interest on that $3bn?
- tomerico 16y agoAssuming ~100M the P/E 60x and not 600x, which is high but not terribly high, considering their rapid growth. For example, Amazon is worth 79B with a P/E of 71x
- trotsky 16y agoThanks for catching that, I was still waking up. My memory of the earnings rumor seems likely to be off then, it's very hard to believe that their last venture round closed at a 13 P/E.
- philwelch 16y agoAndrew Mason, Groupon’s chief executive, declined an earlier interview request, adding that he would talk “only if you want to talk about my other passion, building miniature dollhouses.”