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Or maybe Groupon declined the offer because they knew they couldn't scam Google once they started their due diligence.

• jimmywanger 15y ago
  http://li82-18.members.linode.com/google-deal-said-have-25-billion-reverse-breakup-fee http://li82-18.members.linode.com/google-deal-said-have-25-b... That breakup fee would have been paid right after due diligence.
  • suking 15y ago
    I'm guessing there was some pretty big performance (possibly profit) incentives for the founders and they knew they had no chance of hitting them. So their next option to cash everyone out and make a ton of $ was IPO.
    • jimmywanger 15y ago
      From what I heard they were bucking for a breakup payment of 5 billion - that would have been within an order of magnitude of what the Groupon investors would have liked to have.
      • suking 15y ago
        Scared of due diligence ya think?