Google Goes Shopping For Groupon Rivals

Search giant Google is reportedly looking to acquire companies rivalling deals giant Groupon, after failing to entice the deals company with a $6 billion takeover offer.

According to sources cited by The New York Post, Google is shopping for one of the many small firms that have sprung up after the success of Groupon.

Within two years, Groupon has grown to accommodate 35 million members and 3,100 employees the world over, generating a revenue of $1 billion annually.

Experts earlier predicted that after being turned down by Groupon, Google, looking to cash-in on the daily deals market, would form its own deals platform.

Amongst the companies that Google may be looking to acquire are Groupon's closest rival LivingSocial, which has 10 million users and is valued at $1 billion, as well as BuyWithMe another Groupon-like business that generates a revenue of $20 million.