SocialSocial MediaReport: Google to Launch Groupon Clone

Report: Google to Launch Groupon Clone

Instead of buying Groupon, Google jumps into the daily deals space with its own product.

If you can’t buy ’em, join ’em. According to Mashable, Google is set to launch a Groupon-like daily deals platform called Google Offers. The Mountain View, CA-based company reportedly offered Groupon up to $6 billion last month but was turned down.

Mashable said it received a confidential fact sheet from a source inside Google that detailed the firm’s new group buying service, which is similar to Groupon and LivingSocial. In short, Web users will sign up for daily e-mails with local offers from restaurants and merchants, as well as an occasional deal from a national brand. An excerpt from the fact sheet sent to prospective business partners: “Google Offers is a new product to help potential customers and clientele find great deals in their area through a daily email.”

Google’s development comes on the heels of naming founder Larry Page as the new CEO and announcing it made $8.4 billion during 2010’s Q4.

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