Groupon Goes On A Buying Spree Despite Google Takeover Rumours

Popular daily deals platform Groupon, has gone on an acquisition spree inspite of rumours about a possible buy-out by Google continuing to grow.

According to CNN Money, the company has recently snapped-up Ludic Labs, a start-up that allows local businesses to self-advertise and offer deals.

The financial details of the deal were not disclosed but a Groupon spokesperson said Ludic employees will join the company's 3000-strong global team.

The company is also planning on venturing into Asian markets after acquiring three other similar deals companies, which will allow Groupon to offer its services in Hong Kong, Singapore, the Philippines and Taiwan. Altapost, a Taiwan based daily deals service bought by Groupon, has managed to attract 1.2 million users since its launch in August.

When asked about the take-over rumours doing the rounds in the Silicon Valley, Andrew Mason, founder and chief executive officer of Groupon, remained tight lipped, saying "unfortunately we cannot comment on speculation or rumours about our business.”