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Internet search giant Google is thought to have bought Groupon, a discount an offers website, for around $2.5 billion (£1.6 billion), according to rumours emanating from Silicon Valley.
Google and Groupon are said to have been locked in discussions for weeks over a possible deal, although neither company has commented on the latest speculation.
Groupon – which offers users discounts and special offers at shops and businesses in their local area – only launched in 2008, but is valued in excess of $1.3 billion, and reportedly generates revenues of more than $50 million per month.
The site has around 20 million subscribers, and covers some 300 cities worldwide. Groupon has started offering training programmes for businesses overwhelmed by the number of customers generated by the site.
Google is thought to be keen to build discount offers in to its Google Places tool, which lists local businesses and services.
Neither company has officially commented on the rumours, which first appeared on Vator.tv, a technology news website.
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