Google's bid for Groupon

http://dealbook.nytimes.com/2010/11/30/googles-gambit-for-groupon-raises-concerns/?ref=technology

Google has recently put a $6 billion dollar bid on Groupon, which is an online coupon start-up company. Google hopes this will initially help start local advertising and also help in the long run with social networking. This deal has many investors worried because of the high price and their doubts about how effective Groupon will be in generating sales and profits for Google. If Groupon agrees to Googles offer, than this will be Google's largest acquisition. Google wants this acquisition because Groupon offers discounted coupons to local stores, restaurants and services.