Rumors spread of Google-Groupon deal

Google may make a reported $5 billion bid for Groupon, the daily coupon deals website.

The purchase would help Google compete in online advertising against Facebook Inc., the Los Angeles Times said.

Google-owned Groupon won't monopolize the deal-a-day websites, Bill Yucatonis, CEO of Groupon competitor CoupMe, told the Boston Herald.

"It justifies the industry and legitimizes what we do," Yucatonis said. "It doesn't scare me at all."