Frommer's Seems Like a Steal
The Internet wampum game is a thing of the past. We saw it in the contrast Monday, when Google (GOOG) said it would pay $23 million for Frommer's travel guides from John Wiley & Sons -- while, at the same time, Groupon (GRPN) dove on an earnings miss. This reminded us that Google once tried to buy Groupon for $6 billion. The company is now valued at $4 billion.
Now, with Frommer's and Zagat -- the latter of which Google bought for $150 million a few years ago -- Google can become the ultimate travel site. Perhaps it will trump one of two really successful social media companies, Yelp (YELP), which Google failed to acquire for $500 million not that long ago. Yelp is now worth $1.5 billion, but with these two acquisitions for $183 million, Google is in shape to cut Yelp down to size....195 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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