The balance sheet my not give an accurate picture of the value of a business. Google was willing to pay $6 billion more than the book value of the business. G

The balance sheet my not give an accurate picture of the value of a business. Google was willing to pay $6 billion more than the book value of the business. Google aren't that stupid - I'm guessing that Groupon owns billions of dollars worth of intangible assets which are not listed on their balance sheet. (The biggest such asset is probably their email list).