Forum Views ()
Forum Replies ()
Read more with google mobile :
Google loses executive to Groupon, preps rival service
|
Edition:
U.S.
Article
Comments (0)
Follow Reuters
Facebook
Twitter
RSS
YouTube
Read
Five women brutally murdered in Mexico beach resort
23 Apr 2011
Viral video star Antoine "hide your wife" Dodson arrested
23 Apr 2011
Syrian forces raid homes as Assad opposition mounts
|
23 Apr 2011
UPDATE 7-St. Louis airport to reopen after tornado damage
23 Apr 2011
Company owner hoping for "miracle" with trapped Idaho miner
23 Apr 2011
Discussed
1
Five women brutally murdered in Mexico beach resort
1
Wal-Mart tests online grocery delivery in Calif.
St. Louis airport to reopen after tornado damage
Watched
Nissan checks cars for radiation
Fri, Apr 22 2011
More clashes at Thai-Cambodia border
Sat, Apr 23 2011
Fleeing Misrata
12:37am EDT
Google loses executive to Groupon, preps rival service
Tweet
Share this
By Alexei Oreskovic
SAN FRANCISCO (Reuters) - Online coupon service Groupon has hired a Google executive to be its new chief operating officer, as Google began rolling out a new service aimed directly at Groupon's thriving business.
The hiring and...
Email
Print
Related News
NY Times gains online subscribers, but woes linger
Thu, Apr 21 2011
Apple crushes forecasts again, iPad backlogged
Wed, Apr 20 2011
Yahoo earnings top target, shares up 3 percent
Tue, Apr 19 2011
RIM launches PlayBook but fans don't play along
Tue, Apr 19 2011
Wall Street rises on economic data but minefields loom
Fri, Apr 15 2011
Analysis & Opinion
Tech wrap: Apple beats Google to the music cloud
The cloud is not just about storage
Related Topics
Technology »
Media »
Stocks
An online coupon sent via email from Groupon is pictured on a laptop screen November 29, 2010 in Los Angeles.
Credit: Reuters/Fred Prouser
By Alexei Oreskovic
SAN FRANCISCO |
Fri Apr 22, 2011 8:13am EDT
SAN FRANCISCO (Reuters) - Online coupon service Groupon has hired a Google executive to be its new chief operating officer, as Google began rolling out a new service aimed directly at Groupon's thriving business.
The hiring and roll-out come as Groupon and Google increasingly go head-to-head in the vast market for local advertising, with each company pitching its online marketing services to small businesses such a restaurants and nail salons.
Google, the world's No. 1 Internet search engine, tried to acquire Groupon for $6 billion in December, but was rebuffed, according to a source familiar with the matter.
On Thursday, Google began running ads on several websites inviting consumers in Portland, Oregon, to sign up for a new service dubbed Google Offers.
Google Offers will allow consumers "to get great deals delivered right to their inboxes," a Google spokeswoman said in a statement.
The popularity of so-called daily deals services has surged since Groupon launched less than three years ago. The privately held company does not disclose its financials, but says it has been profitable since June 2009.
Also on Thursday, Groupon announced that Margo Georgiadis, vice president of global sales operations at Google, will become COO at Chicago-based Groupon, overseeing the company's global sales, marketing and operations.
The hiring of Georgiadis comes a month after the current COO said he would step down. It fills a key slot in Groupon's management team ahead of a potential initial public offering.
Groupon, which recently raised $950 million from investors including Andreessen Horowitz, Battery Ventures, Greylock Partners and Kleiner Perkins Caufield & Byers, has met with bankers to discuss a possible IPO, CEO Andrew Mason told Reuters in January.
Georgiadis represents the second high-level executive Groupon has poached from Google in recent months. In February, Groupon hired Google's Jason Harinstein, a director on the search company's mergers and acquisitions team, to serve as its senior vice president of corporate development.
Nikesh Arora, Google senior vice president and chief business officer, said in an emailed statement to Reuters that he was excited that Georgiadis was joining "a terrific company and a great partner for Google."
The online coupon and group-buying market, in which consumers are offered daily deals promising big savings at local merchants, is among the fastest-growing sectors of Web commerce. In December, Amazon.com Inc invested $175 million in start-up LivingSocial, which has said it expects to generate more than $500 million in revenue this year.
Google plans to test its new Offers service in Portland first, followed by New York and the San Francisco Bay Area, though the company declined to provide a timeframe for when the service would launch in any of the markets.
Groupon, which ended 2009 with 1.8 million subscribers, signed up 50 million by the start of 2011 and now has more than 70 million users in 500 markets in 45 countries.
Georgiadis had been with Google for two years and was based in its Chicago office. Groupon's previous COO and president, Rob Solomon, said in March that he planned to leave the company in the coming months.
(Reporting by Alexei Oreskovic; additional reporting by Jennifer Saba; editing by Maureen Bavdek, Gary Hill)
Technology
Media
Tweet this
Share this
Link this
Digg this
Email
Reprints
We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters.
Comments (0)
Be the first to comment on reuters.com.
Add yours using the box above.
Social Stream (What's this?)
© Copyright 2011 Thomson Reuters
Editorial Editions:
Africa
Arabic
Argentina
Brazil
Canada
China
France
Germany
India
Italy
Japan
Latin America
Mexico
Russia
Spain
United Kingdom
United States
Reuters
Contact Us
Advertise With Us
Help
Journalism Handbook
Archive
Site Index
Video Index
Reader Feedback
Mobile
Newsletters
RSS
Podcasts
Widgets
Your View
Analyst Research
Thomson Reuters
Copyright
Disclaimer
Privacy
Professional Products
Professional Products Support
Financial Products
About Thomson Reuters
Careers
Online Products
Acquisitions Monthly
Buyouts
Venture Capital Journal
International Financing Review
Project Finance International
PEhub.com
PE Week
FindLaw
Super Lawyers Attorney Rating Service
Reuters on Facebook
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
Other News on Sunday, 24 April 2011 Yemen ruling party accepts plan for Saleh to quit
|
Fresh fighting on Thai-Cambodia border kills 4 soldiers
|
Twelve killed in pro-democracy protests in Syria
|
Five women brutally murdered in Mexico beach resort
|
Iraqi cleric's followers demand U.S. troops leave
|
Libya troops retreat in Misrata, rebels claim victory
|
Egypt orders ex-energy minister, former officials tried
|
Philippine rescuers save 15 miners after landslide,
|
Iraqi Shi'ites want Saudis to withdraw from Bahrain
|
Japan earmarks first $50 billion for post-quake rebuild
|
Mizuho Bank head to resign over computer glitch: report
|
Ex-Sony chief Ohga, who led push into music and movies, dies
|
Charlie Sheen gets own mobile app
|
Lindsay Lohan out of jail after rollercoaster day
|
Vampire Diaries creator opens up about show
|
Boardwalk Empire star sued by reality star
|
Government forces retreat in Libya's Misrata
|
Five women brutally murdered in Mexico beach resort
|
Clashes erupt for third day on Thai-Cambodian border
|
Iraqi cleric's followers demand U.S. troops leave
|
Israeli shot by police in West Bank, army says
|
Yemen's Saleh to quit but activists say protests go on
|
Chinese police detain Christians as dispute spills into Easter
|
Syrian forces raid homes as Assad opposition mounts
|
Japan earmarks first $50 billion for post-quake rebuild
|
Pope begins Easter as John Paul beatification nears
|
Mizuho Bank head to resign over computer glitch: report
|
Samsung countersues Apple over iPhone, iPad
|
Apple, Google tap phone location data: report
|
Exclusive: Apple to beat Google on cloud music: sources
|
Ex-Sony chief Ohga, who led push into music and movies, dies
|
Google loses executive to Groupon, preps rival service
|
Charlie Sheen gets own mobile app
|
Amazon, eBay wage costly battle for shoppers
|
Canon Q1 operating profit to fall, forecast to be cut: report
|
Thousands call for Assad overthrow at Syria funeral
|
Protesters vow escalation as Saleh promises to quit
|
Libya's Misrata comes under heavy bombardment: rebels
|
Clashes erupt for third day on Thai-Cambodian border
|
Indian spiritual guru Sai Baba dies
|
South Sudan army and militia clash kills 55: minister
|
At least four hurt in Easter blast near Baghdad church
|
Israeli shot by police in West Bank: army
|
Humala leads Fujimori in Peru presidential race
|
Nigeria rights group says over 500 killed in riots
|
Apple's iPad miss prompts cuts in forecast
|
Russia Kaspersky Lab says founder's son freed
|
Tribeca documentaries examine bullying and toxicity
|
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights