TECH

Google, Groupon Talks Break Down; Google Can't Close Deal

Google Inc.'s multibillion-dollar bid to acquire local deals site Groupon Inc. ended Friday as the two sides broke off talks, according to a person familiar with the matter.

Negotiations between the two companies heated up over the past week but Groupon's board, many of whom are investors, was divided on whether to accept Google's offer.

The company continued to consider remaining independent and pursuing an IPO in the future, people familiar with the matter have said.

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