By AMIR EFRATI
Google Inc. has been in talks to buy Groupon Inc., a fast-growing website offering daily deals at businesses in the U.S. and abroad, according to a person familiar with the matter.
No deal is imminent between Google and Groupon, said people familiar with the matter. One of these people said that other parties recently offered to finance Groupon at a valuation of more than $3 billion.
Spokespeople for Google and Groupon declined to comment. The website All Things D earlier reported that Google has offered $5.3 billion for Groupon, with a $700 million earnout. News Corp. owns All Things D and The Wall Street Journal.
A deal to buy Groupon would boost Google’s position in the race to win local business-ad dollars online, an area coveted by other large Web companies including Facebook Inc.
A deal between Google and Groupon likely would also eclipse Google’s $3.1 billion purchase of DoubleClick in 2007—its largest to date—which has since helped the Internet search giant in its push in the market for online graphical ads, among other things