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CEO takes responsibility
#8

CEO takes responsibility

Quote: (03-01-2013 12:50 PM)renotime Wrote:  

I can't believe they didn't sell to google.

Wasn't so simple at the time. Google couldn't guarantee that the DOJ wouldn't block the deal on anti-trust grounds. If they didn't allow the $6B deal to go through, Google would have paid Groupon an $800M cancellation fee (of sorts) and it probably would have been game over for Mason and the rest of Groupon.

Considering they were pulling in $50M/month at the time, it simply wasn't worth the risk.
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