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Groupon is reportedly in talks with various banks over an initial public offering (IPO) that would value the daily deals site for as much as $25 billion, roughly half of what Facebook is currently worth. Given Groupon's recent actions -- walking away from Google's $6 billion offer, building a staff of 5,900 employees, and expanding into countries like China -- the IPO move, which could happen some time this year, certainly makes sense. (Bloomberg)
A curated selection of the day's most newsworthy tech stories from all over the Web. Sign up to get the newsletter delivered to you everyday.
AOL plans to layoff several hundred employees starting today in editorial and other media product groups, as well as jobs in India -- areas like network and ad sales should remain unaffected. The move comes as AOL restructures its editorial division after MORE
JP Mangalindan, Writer - Mar 10, 2011 5:00 AM ET