Dealbook's anonymous sources indicate that banks are spinning Groupon's heads with possible values as high as $15 billion. The company just raised $950 million in additional investor funding.
Groupon is a deal-of-the-day website. It sends emails with deals (coupons) that are activated if enough people sign up for it (a group = a groupon). There are many clones, but Groupon is by far the largest. Prior to Google's rejected offer, Yahoo! also made a bid for the company last year.
Based on the proposed valuation of the company, it now appears that spurning Google's offer was a good idea. Many scratched their heads over it, when it first occurred.
