"At $7 then market cap is only $4.45 billion. Google had offered $6 Billion at a Rev. $300 million. Now Groupon makes $1.6 Billion in Rev. Do you think insiders and investors will sell after lock up? Think a gain."
I think Google's offer was based on GRPN's "CROOKED" accounting (per the SEC). I bet they didn't take the 6 B cuz they knew Google would unmask the "CROOKED" accounting during their DD and the cat would be out of the bag. The 11 Firms that took this PIG to maket unlike Googl didn't care about doing any DD only about taking cash from the bagholder longs.
Does anyone honestly think Google would pay 2 cents for this PIG given the legal issues, SEC issues and ease of entry.
A few guys in a room for a day could create Poopon per CNBC's Jim Cramer. I heard that one real time and it was a hoot!