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Posted at 7:00 AM ET, 01/21/2011

Google Offers coupon launch confirmed

By Hayley Tsukayama

Mashable on Thursday night reported Google will launch Google Offers, a new service that will take on group discount sites such as Groupon and LivingSocial.

Mashable was leaked the fact sheet on the new venture, which indicates that Google Offers subscribers will receive a daily e-mail offer for a buy-in discount. According to its sources, businesses will get 80 percent of revenue derived from the coupon three days after a deal runs. Google will send the rest in 60 days, after processing any returns.

The company's desire to get into the coupon business is well-known, especially since Groupon turned down a $6 billion buyout offer from Google.

Google has all but confirmed that the new feature is real, telling Mashable, "Google is communicating with small businesses to enlist their support and participation in a test of a pre-paid offers/vouchers program. This initiative is part of an ongoing effort at Google to make new products, such as the recent Offer Ads beta, that connect businesses with customers in new ways. We do not have more details to share at this time, but will keep you posted."

By Hayley Tsukayama  | January 21, 2011; 7:00 AM ET
Categories:  Digital culture, Search, Shopping  
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Comments

Google is going to get a lot of attention with their new Google Offers. They are already very popular, so they have consumers simply lined up and waiting.

If you are looking for the deals and sales available in your area from any daily deal site, use http://www.dailydealpool.com. They'll send you a daily email with the best buys around, ensuring you can save on all kinds of products and services.

Posted by: megamelfina | January 21, 2011 9:36 AM | Report abuse

This will go down as one of the dumbest no-sales in history. The idiots at Groupon that turned down a $6billion dollar payday have serious issues.

Posted by: jase700 | January 21, 2011 11:25 AM | Report abuse

Time will tell if this becomes another Google Videos, Google Buzz, Google Docs, or... there's nothing on the other side yet.

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Posted by: trishgellar | January 22, 2011 12:59 PM | Report abuse

It will be interesting to see how this plays out with Google vs. Groupon vs. LivingSocial (although I hope Google comes up with a better name than Offers). I love the daily deal sites and I don't mind that there are lots of smaller Groupon clones that will never be big, but are still able to bring me great local deals! ! I started a site to track all of the Groupon clone sites.... I've got 130 group buying sites so far and you can sort to see which have offers for your city. If you know of any I'm missing, please submit them through my site. http://www.localdealsites.com/

Posted by: cogrep | January 23, 2011 10:40 AM | Report abuse

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