I just read that Groupon rejected Google's $6 billion bid. Read more at ChicagoBreakingBusiness, All Things Digital, BusinessWeek, WSJ, Dealbook, CNNMoney.
Couldn't Google build their own location based coupon service?Coupons would pop-up on your phone if you pass a store or restaurant based on search history, purchase history or personal settings. You'd pay with your e-coupon on your phone (phone = new credit card). Your phone would analyze purchase history to help make coupons more relevant. Also a search algorithm could provide real-time competitive coupon deals when a product, store or restaurant is searched for on Google. Local and nationwide businesses would be forced to provide the best deals. The coupon flood is just getting started in my opinion. Especially with the unemployment rate at 9.8%.