A Google (GOOG -3.6%) deal for Groupon “makes sense on several levels," Needham's Mark May says,...

|By:, SA News Editor

A Google (GOOG -3.6%) deal for Groupon “makes sense on several levels," Needham's Mark May says, helping it bridge opportunities in social networking, local search and mobile services. He pegs Groupon’s revenue at near $1B on a “run-rate” basis, much higher than some estimates. But at a reported $6B purchase price, “it could take a couple years to grow into the valuation.”